How to Finance Your Tiny Home
This will be a good option if you are in a variable rate mortgage, are close to term maturity on your fixed rate, or are coming up for renewal.
If you have a few years remaining on a fixed-term mortgage, it may be best to avoid harsh prepayment penalties by registering a small second mortgage instead. These mortgages carry higher interest rates than normal but carry a much smaller principal balance.
If you qualify and have substantial equity in your property, a re-advanceable mortgage can be an excellent way to use your home equity as a low-interest line of credit that can be repaid at any time.
Our Preferred Financing Team
Over the past five years, Tyler Tiessen has been an accomplished Mortgage Agent with the Mortgage Suite Team in Windsor.
A significant portion of Tyler’s business has been focused on private mortgages, catering particularly to the needs of real estate investors.
Contact Tyler today to get started!
