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How is a 2nd Mortgage

Different than a 1st 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 Mortgages in Ontatio can reach up to 90% of the property value, compared to 80% for a first mortgage.

Terms can be a short as 1 year but the shorter the term, the higher the monthly payment.

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