2nd Mortgage, 15% 1 Year Term

2nd Mortgage Opportunity – $157,000 Mortgage Investment

Location: Single detached family home – Toronto, ON
Use of Funds: Debt Consolidation
Closing Date: Closed
2nd Mortgage Amount Required: $157,000
Appraised Value:


Loan-to-Value: 83%
Interest Rate: 15% per year, paid monthly*
Term: 1 Year

Special Notes:

Two applicants; one salaried, one self-employed “stated income.”

Debt consolidation, 1st mortgage with a trust company.