Tribecca Finance has helped thousands of Canadians achieve their financial goals by lending with a “common sense” approach. The benefits and uses of a second mortgage are immense, and when utilized properly, they can help you achieve many of your life goals.

Some of the benefits of contacting Tribecca for a second mortgage include:

  • It allows you to put your equity to use – You may have an opportunity or a financial challenge that you are dealing with. Many people renovate their house or finish their basement for more living space or to generate rental income. If you are paying high interest rates on your credit cards or loans, it makes sense to take a second mortgage to consolidate these debts and have one lower monthly payment and pay off your debt faster. The equity that you’ve built up in your property is a powerful financial tool. You don’t have to sell your home to get cash. A second mortgage helps you tap into your home’s equity quickly and conveniently.

 

What can I use it for?

Now that you’ve cashed in on the equity of your home and have this money, what can you use it for? The short answer is anything! In reality, our customers take out second mortgages to accomplish many different financial goals such as:

  • Paying for education
  • Consolidating debt
  • Helping self-employed people grow their business
  • Paying for home renovations
  • Purchasing a property

Whatever the reason, taking one can be beneficial for you if you use it right.

Tribecca Finance is a company that works hard to provide financial solutions for our clients, and our range of loans and mortgages is flexible enough for your particular needs. Now that you know the benefits and uses of our second mortgages, contact us today to see how we can make your financial dreams come true.