Second Mortgages and Home Equity Loans – DebtHelp – The interest rate of a second mortgage is normally much lower than that of personal loans or credit cards because there is very tight competition in the lending.
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Best Second (2nd) Mortgage Interest Rates in Canada – Loans Geeks – In addition, second mortgage loan in Canada has low tax deductibility and low interest rates, making it an efficient solution for the borrowers. Typically, second mortgage loan borrowers use it for larger expenses like paying for education, medical bills, consolidation of debts, etc.
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