How To Get A Second Mortgage | Trinity Real Estate Consultants Blog

Wednesday, August 21, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: First Mortgage Documents Checklist!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Buying a home or property is an exciting process no matter whether you are buying your first home or your third home. However, getting a mortgage even if you have an amazing credit history and score, have saved up sufficient funds for a down payment, closing costs, and more, getting a mortgage is still a process that will take time, paperwork and bureaucracy.
In other words, it’s time to prepare yourself for the fact that you can apply to be pre-approved or prequalified for a mortgage or for a mortgage but it is not something that is immediate. If you were thinking that you have all of the paperwork ready, all of the funds saved up, excellent credit, etc. that you could get approved instantaneously if only financial processes were so efficient and painless.
How long it will take for your mortgage application to process depends on y. ...

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Wednesday, June 5, 2024   /   by Matthew Daniel Tamburello

HomeSeller, HomeBuyers & Investors: The best neighbourhoods in Toronto for raising kids!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
Toronto and the Greater Toronto Area (GTA) are great two great places in Canada for people looking to start a family or to raise children. Both of these areas are known for being ethnically and culturally diverse with something for everyone. From parks and green spaces, to beaches in the summer, walking, hiking, and cycling trails, community centres, restaurants, great public transportation, hospitals, and more, it is no wonder why people who are raising children are choosing to live in the City of Toronto and the Greater Toronto Area (GTA). Additionally, some of the best schools in Ontario and in Canada as a whole can be found in the City of Toronto and the Greater Toronto Area (GTA).
Deciding where to live no matter what the stage of life you are in at, can be difficult. This is true whether you are young, middle-aged, or . ...

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Wednesday, March 13, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: How Does a Second Mortgage Work in Ontario?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Despite more than two million people in Canada with second mortgages, not many fully understand how second mortgages work. This article aims to answer the reasons people get them, and how to obtain them. We’ll also help you learn the advantages and disadvantages of second mortgages, and hopefully, provide information to help you make an informed financial decision.
What is a second mortgage?
The first loan taken by homeowners to purchase a house is called a primary mortgage. A second loan acquired for the same property is called a second mortgage.
A second mortgage is granted even when the primary mortgage has yet to be fully paid. The loanable amount from the second mortgage is based on the equity of the house bought through the primary mortgage. Equity is the value of your home minus any mortgage debt and liens.  Equity is . ...

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Trinity Real Estate Consultants
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Right at Home Realty, Brokerage

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