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What is a Second Mortgage?

A second mortgage is an additional loan on top of your existing mortgage that is put towards the same property. It can be very beneficial for those with larger expenses.

Why get a Second Mortgage in Canada?

Getting a second mortgage from us, can help you save interest on your outstanding debt - while also providing you a good alternative to breaking your existing first mortgage and paying a hefty penalty.

How is a Second Mortgage different than a Frist Mortgage?

When it comes to a second mortgage, Private Lenders are more concerned with property equity rather than credit scores and income, and are more flexible in their approval process as a result.

Second Mortgage vs Home Equity line of credit

So you’re thinking about leveraging the equity on your home to obtain a loan. You can either apply for a home equity line of credit or a second mortgage. But which loan is right for you?

The Basics of Debit Consolidation

A consolidation loan is a loan used to manage your debt into one loan. Proceeds from one larger loan are used to pay off other smaller debts.