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AKAL Mortgages HAS EXPERIENCE WORKING WITH ALL LOAN PRODUCTS!!!

1st Mortgages

Financing a home is usually one of the largest decisions you will make in your lifetime, so it only makes sense to shop around and get professional advice. By working with as many lenders as possible, AKAL Mortgages increases your borrowing power and will help you to obtain better than bank rates and flexible open mortgage options!

• Fully Open Lines of Credit and Mortgage Combo’s available for purchase financing to 90% LTV.
• Fully Open mortgages to 95% LTV at prime – 75%.
• Open 103% mortgage financing with 3 months interest penalty for purchases available.
• Open High Ratio Financing to 100% with No! Insurance Premiums with 3 months interest penalty.

2nd Mortgages

Second mortgages can be a great borrowing product as they typically offer short terms (from 12 to 24 months), allowing you to keep your existing great-rate 1ST mortgage in place. Just because clients obtain second mortgages, does not mean they need to be stuck on a payment plan for that specified term. Our lenders offer numerous open products to help pay these loans off as fast as possible.

• Fully Second Mortgages are also available for Poor Credit & Self-Employed clients to 80% LTV starting at 11.99%
• Fully Open Second Mortgages are fantastic for short-term financing!
• If you are seeking flexible borrowing, Fully Open Second Position Secured Lines of Credit to 90% may be for you.
• Fully Open No Income Qualifiers and Equity Loans in Major Urban City Centers.

Open 2nd mortgage products are great! It allows you to repay the mortgage in full when you are ready without sale of the home!