Getting a Second Mortgages in Toronto or the GTA

Second mortgages are loans against the equity of your home. They are an excellent option if you need cash for home renovations, repairs, education, emergency expenses, or even consolidating debts.

With access to our competitive second mortgage rates, you will be able to strategically meet your expense demands without relying on credit cards.

How does a second mortgage work?

In a second mortgage, we leave your first mortgage completely intact and source additional money from an entirely different lender. The amount of your second mortgage depends on the equity you have in your home. Your home equity is the value of your house minus all the debts you have against your home.


What are the benefits of a second mortgage?

  1. Access the funds at your discretion: For home renovations, a small business investment, debt consolidation to lower your monthly payout and more.
  2. Flexible repayment terms: In fact, most of the time, they can be set up with interest-only payments, which can immensely improve your cash flow.
  3. You could save on fees: If your current mortgage is locked-in at a low-interest rate, taking out a second mortgage might be a better choice than refinancing your home due to penalties and fees.
  4. Easier to qualify: Qualifying for a second mortgage is based on your home’s equity and less about your credit and income.

Learn more about your mortgage options today

Our trusted mortgage specialists will go through all your budgeting, credit, and mortgage matters with you before you make any major financial decision.


Have questions? Let’s connect.

Get quick answers to your questions, no matter how difficult – 7 days a week.

Schedule a call