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Need To Borrow Money? Own Your Home? No Credit   No Income   No Problem

Third Mortgage

Get Approved in 3 Simple Steps
Step 1
  • Type of Loan
  • Mortgage Request
Step 2
  • Property Value
  • $ 50,000
  • Mortgage Request
  • $ 50,000
Step 3
Your Estimated Monthly Payment *

  • 24 Hour approvals

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  • quick closes

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  • free appraisals

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  • lowest rate

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Third Home Mortgage

There never seems to be enough money out there for us to do everything we want. There are children that need education and bills that need to be paid. There are cars that require maintenance and our homes are also in need of repairs from time to time. So, where do you get the funds to live your life comfortably, make sure our children go to a good university and pay our credit card bills on time? By letting PrivateLend.com secure a third mortgage for you that way you will have all the funds necessary for everything you need.

What Is A Third Mortgage?

A third mortgage is an additional loan taken out on a property that already has two mortgages against it.

The amount of the third mortgage is determined based on the value of the property, which often works out very well for the property’s owner. Instead of relying on credit scores and your income, PrivateLend.com will use the value of your home to determine how much you qualify for.

What Is The Purpose Of A Third Mortgage?

Like second mortgages, third mortgages are taken out to allow you to gain access to more equity from your property.

You can use the funds for whatever you see fit. Some people use the money from their third mortgage to renovate their property while others use it to send their children to university. There is no limit on what you can spend the money on. It is your money and if you need to use it to build a new deck that overlooks a waterfall swimming pool that is your prerogative.

What Do I Need To Know Before I Take On Another Mortgage?

Because third mortgages do not cancel out your first and second mortgages, you will still have to make your monthly payments to those mortgages.

Contact PrivateLend.com to secure your third mortgage. We’re your one-stop-shop for all your mortgage solutions whether you need a first, second or third mortgage, we will fund it.

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Current Mortgage

  • Home Worth $300,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • $50,000 Mortgage Requested
  • $25,000 Tax Arrears $500/month
  • $25,000 Credit Cards $750/month
  • Total $2,750/month

Second Mortgage

  • Home Worth $300,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • 2nd Mortgage Payment $250
  • $25,000 Tax Arrears Paid
  • $25,000 Credit Cards Paid
  • Total $1,300/month
You Save $1,450/month!

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Please select the SQUARE and click the SUBMIT button

Latest Blog

What To Consider When Shopping For Mortgages

Posted by | Jun 27,2016

Are you thinking about purchasing a home? If so, then here are the questions you need to consider before you start shopping for a mortgage. What type of lender do you want to use? Mortgages are available through a wide variety of sources. You can obtain a home loan directly through lenders such as credit unions, mortgage companies, and commercial banks. You can also use a mortgage broker, who can contact lenders for you and present you will several different offers. Read More

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Being a new resident from another country and working for yourself can pose a lot of problems financially and I tried a number or people before finding Privatelend. Alicia and Sunny were quick, helpful and just made my life a whole lot easier. I can breathe again. I would recommend anyone to use them in a heartbeat.

D & E, North York

Thanks again for getting us back on track with our finances. You are all very pleasant and I have nothing but admiration for your professionalism with us in this big step we have taken at this stage of our life. We wish you the very best always.

K & S

I just finished a refinance with privatelend but it would not be complete unless I gave a shout out to my contacted people Alicia and Sunny they were competent ,prompt, easy to contact and very pleasant thanks a bunch girls great job.

Wayne from Whitby
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