An Ideal 2nd Mortgage
An ideal 2nd mortgage - Home Equity Line Visa
* Fully open line of credit
* Access to Visa card and cheques
* No annual fee
* Monthly payment can be as low as 1% of balance
* Credit line limit up to 85% appraised value
* Interest rate at Prime plus
* self declared income (no tax returns or NOA’s)
* Derogatory credit requires satisfactory explanation
>> 1st mortgage must be institutional & up to date <<