Exploring Second Mortgages: What You Need to Know

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The Source Financial offers a range of financial service solutions designed to fit your financial needs.
Unsecured Personal Loans:
Unsecured personal loans provide a flexible option for borrowing without requiring collateral. For example, a $10,000 loan with an APR of 28.5% over 48 months would result in monthly payments of approximately $331, including principal and interest.
Secured Personal Loans:
Secured personal loans offer lower rates by using collateral such as property or other assets. For instance, a $30,000 secured loan with an APR of 19.9% over 60 months would result in monthly payments of about $793, including principal and interest.
Mortgages:
Mortgages offer competitive rates and flexible terms to help with homeownership. For example, a $300,000 mortgage with an APR of 16.5%, a 60-month term, and a 25-year amortization period would have monthly payments of approximately $2,268, including principal and interest.
All rates, terms, and conditions comply with local laws and are tailored based on individual factors, such as credit profile, province or territory of residence, and loan type. To receive personalized rates and detailed information, speak with one of our loan specialists. They will guide you through the process and ensure full transparency.
The Source Financial Inc. is a trusted provider of financial service solutions, headquartered in Toronto, Canada.