Client Comments
Thank you so very much for putting so much effort and time for helping us.



We were so happy that you were able to provide us with construction financing. The draw amounts work fine with our builder and we plan to refer anyone building a house. Thanks again.



Hi Joe

Just wanted to pass on our thanks again for all your help with securing our mortgage.

In hindsight, we would have to say that the entire process of buying for the first time went really well and we managed to avoid a lot of the headache and inconvenience that others seem to come across.

Certainly in regard to arranging our mortgage, things could not have been easier for us and we have you to thank for that.

Your patience and attention to detail was greatly appreciated.

All the best,

. Aghazzarian & L. Marino


Truly Professional

Joe helped us out with our financing and all the questions we asked. The rates and service was excellent and he even came to our house to sign all the papers.

We have recommend him to our co-workers, friends and family.


Mortgage Needed In a Hurry!

We needed to arrange something quickly and Joe Walsh was able to provide us with a commitment on the same day;

I would definitely recommend Joe.

A Satisfied Customer!


We supplied Joe Walsh with all of the pertinent information and we were able to sit back and relax while Joe took care of everything.

He examined all of the possibilities and came up with one that best suited our needs.

Joe took all of the shopping and confusion out of the experience and made it simple for us.

We have used Joe several times in the past and will continue to do so in the future.

He is knowledgeable, professional, there to service quickly & promptly without the stress that normally comes along with this sort of decision

Second Mortgage Considerations

“Is A Second Mortgage Your Best Option For Financing, or Are There Other Options To Consider?”

A second mortgage may or may not be the best option for securing additional funds from the equity in your property.

There are a few different things to consider before committing to an additional mortgage.

Second mortgages will carry higher rates of interest than 1st mortgages and will provide less leverage (total mortgages outstanding divided by total property value).

There are also less options available for second mortgages compared to first mortgages with many lenders not offering them at all.

Too often I see clients, that require additional funds,  automatically want a second mortgage when it may not be the best approach to secure the money they need.


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So when should you consider a second mortgage?

  • When the cost of refinancing the first mortgage is greater than the cost of getting a second mortgage in place.
  • When you have a low long term interest rate on the first mortgage that will end up being higher after refinancing.
  • When you want to better manage your interest risk by having one mortgage at a fixed rate and one mortgage at a variable rate.
  • When you have a down turn in your credit that would significantly increase the rate of interest on your first mortgage if it was refinanced.
  • When you have a short term financing need that is going to be paid off relatively quickly and you want to match the mortgage repayment terms to your own time line for repayment.
  • When your existing bank offers you a superior rate to retain your business in their own second mortgage product.

Second mortgages can be used for anything from home improvements to debt consolidations with the later being the most common during the recent recession.

In the residential mortgage market, private lenders finance a large number of seconds due to the strength of the underlying security and the lack of available bank financing for people with poor to bad credit.

So basically, you should consider a 2nd mortgage in situations where its the best option in terms of features and costs.

The best way to know for sure what the right course of action is would be to give me a call and I’ll perform a free assessment that clearly outlines your best options.

If a second mortgage makes the most sense, then I’ll get you set up with a mortgage plan that fits your needs.

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