Second Mortgages
Looking to leverage the equity in your home?
A second mortgage is an additional loan on your home. If you’ve already got a first mortgage in place that you don’t want to break, but are still looking to leverage your equity, this one’s for you!
Second Mortgage FAQs
What are second mortgages used for?
Second mortgages are most commonly used to consolidate debt or to access funds for renovations.
Are there any downsides to getting a second mortgage?
When you take out a second mortgage on your property, you’re reducing the amount of equity you’ve built up in your home. Book a time to chat with us and we can discuss if this is right for you!
How will a second mortgage impact my mortgage insurance?
A second mortgage could impact the premium you pay on mortgage insurance.
Use our free app to get pre-qualified or to calculate how much you can afford
More services
Credit Counselling
Struggling with debt? Credit counseling can help you take control of your finances.
Bridge Financing
Need a downpayment? Bridge financing can use your home equity to provide a downpayment.
Mortgage Refinancing
Stuck in a bad mortgage? Refinancing can get you a better rate or term.
Apply for your second mortgage today
Ready for a second mortgage? Click the button below to submit an application. The application will take about 10 minutes total to complete, and partially completed applications can be submitted.