Secured Credit Loan
Whether you are planning a home renovation, want to invest in your own business, or need cash to help pay off debts, a secured credit loan from CMI can provide the funds you need, often in as little as 24 hours.
How? By taking advantage of the equity you have built up in your home.
Line of Credit
Perfect for a secured debt consolidation,
credit repair and renovations
and business loans!
Use the Equity in Your Home as Collateral and Get the Funds You Need
If you have lived in your home for an extended period of time, you will have amassed significant equity, with the amount depending on how much of your first mortgage you have paid down.
Homeowners in need of cash often turn to home equity loans to help them:
- pay for major expenses like remodelling, additions or any other kind of home renovation
- make investments for their future
- finance expansion or get through lean periods for their small business
- cover emergency expenditures
Debt consolidation is another common use for home equity loans. With debt consolidation, you can borrow just enough money to pay off your other debts, including unsecured debt like credit cards. Once those debts are repaid, you can focus solely on paying back your home equity loan - a loan that carries a significantly lower interest rate than all of your previous loans.
If you are a homeowner and you are having trouble managing your debts, speak to a certified CMI mortgage broker about our options for debt consolidation. We can help you come up with a concrete plan for paying off high-interest debt and getting out of the red sooner.
What Can You Expect in a Secured Loan from CMI?
CMI has a network of over 250 lenders, including banks and private lenders. With access to so many sources of capital, we can find loan products for even the most challenging circumstances.
If you have had credit problems, have been turned down by traditional lenders, or even if you are currently in bankruptcy negotiations, we can help.
Our lenders are all vetted thoroughly, and they can offer you generous terms like the following:
- Insured second mortgages to 95%
- Open mortgages and lines of credit to 90%
- Equity-based mortgages to 85%
- High-ratio mortgages up to 100%
- 35-year amortizations
- Term lengths between one and five years
At CMI, we want to see you succeed. Even if other lenders have denied you a loan or mortgage, we want to hear from you. We have special expertise in handling difficult cases and we do so with the utmost in professionalism and courtesy.
We Have the Solutions You Need
CMI offers definitive solutions for your financial needs, whether you require money for investing or for paying off debt. To talk to a mortgage expert about a secured credit loan, fill out our online application form or contact us for a free consultation.
