Stated Income Home Equity Loan
Arranging for a home equity second mortgage can be an excellent way to repair damaged credit and reduce expensive credit card payments, or to borrow funds at a time where first mortgage interest rates are higher than normal.
Second mortgages are, by nature, higher risk than first mortgages. As such, they are tougher to qualify for and usually carry higher interest rates. They are also more complex financial for those who are self-employed.
CMI is a stated income home equity loan specialist
Over the years, CMI has helped hundreds of commission based sales people, entrepreneurs, consultants, contractors, and many other self-employed borrowers. CMI offers self-employed second mortgages for borrowers that can substantiate their income as well as those that cannot.
CMI has lenders who are willing to finance all types of second mortgages
- 2nd mortgages up to 80% financing with documented income
- 2nd mortgages up to 80% with no proof of income required
- 2nd mortgage credit lines up to 80% with no proof of income
- Equity Based / Private second mortgages are available up to 80%
- Equity loans Canada
If you are looking for small business loans, equipment loans, or any other type of capital to vault yourself into your next growth phase, CMI’s staff can partner with you to secure the commercial mortgage funding and small business financing that are necessary to grow your business.
Contact us today and ask one of our representatives about the stated home equity loan we offer.
