Seize control over your personal debt with a second mortgage. If you have an existing mortgage you can take out a second loan to tap into the equity you’ve earned, giving you access to large amounts of money at lower interest rates.
Leverage your home’s value to pay for home improvements or paying off larger debts and other obligations. Like a typical mortgage, second mortgages are secured by your home. With only a few restrictions on how borrowers can spend money borrowed on a second mortgage, it’s a versatile financing option for many Canadians.
Get a personalized second mortgage and the right plan for your personal circumstances. We have over 7 years of experience working closely with clients to create the ideal plan and a proven record from our many satisfied clients.
Many homeowners choose a second mortgage because of relatively low interest rates and the continuing rise in home values. You can use the funds from a second mortgage for practically any expenses outside of frivolous spending. Interest paid on second mortgages can sometimes be tax deductible, providing an additional incentive for second mortgage holders.
