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Are first and second mortgage rates the same?

By CanadalendJanuary 25, 20181 comments

#mortgages #canadalend #faq #secondmortgages #2018

Are first and second mortgage rates the same?   I was interested in getting more information about applying for a second mortgage.   Are the rates higher than that of a first mortgage?  ...AnswerHi there and thank you for reaching out to the Canadalend team.   Yes, the rates for a second mortgage are generally higher than a first depending on what type of lender approves you but at Canadalend.com ...

Second Mortgage Credit Score

By SpringNovember 16, 20165 comments

#canadalend #secondmortgages #2ndmortgages #mortgagehelp #mortgageadvice

Second Mortgage Credit Score   I have been working on improving my credit score and I was just wondering: How can taking out a second mortgage affect my credit score?Answer       At first, it will lower your credit score because it is a recent debt commitment with no history that demonstrates you can handle the additional financial responsibility But ...