Monday, October 20, 2008

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 <<

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