Unlock your home's equity with flexible second mortgage solutions. Fast approval, competitive rates, and expert guidance across Ontario.
Get approved for a second mortgage in three simple steps
Discuss your equity needs and financial goals with our licensed mortgage agent.
Get pre-approved in 24-48 hours with minimal documentation required.
Close quickly and receive funds to use for renovations, debt, or investments.
A second mortgage allows you to borrow against your home equity while keeping your existing first mortgage in place. It's a fast, flexible way to access funds without refinancing your primary mortgage.
A second mortgage is a loan secured against your home equity, in addition to your primary mortgage.
Borrow up to 90% of your home value minus your first mortgage balance.
Short-term solutions (1-3 years) with options to refinance into your first mortgage later.
Approval based primarily on home equity, not credit score. Bad credit accepted.
Calculate how much you can borrow with a second mortgage in Ontario
*Estimates only. Actual approval subject to property appraisal and lender criteria.
Ontario homeowners use second mortgages for a variety of financial needs
Fund major home improvements to increase property value.
Pay off high-interest credit cards and loans at lower rates.
Finance post-secondary education for yourself or family members.
Access capital for business ventures or real estate investments.
Use equity to purchase a second property or investment property.
Secure financing for business expansion or startup costs.
Understanding what you need to qualify for a second mortgage
From application to funding in as little as 2 weeks
Submit your application and receive pre-approval within 24-48 hours.
Professional appraisal conducted to confirm home value and available equity.
Lender reviews appraisal and finalizes approval with terms and conditions.
Sign documents with lawyer and receive your funds within 1-2 weeks.
Gather these documents to speed up your second mortgage application
Understanding which option is right for your situation
| Feature | Second Mortgage | Refinancing |
|---|---|---|
| Keep existing mortgage rate | ✓ | — |
| Avoid refinance penalties | ✓ | — |
| Faster approval process | ✓ | — |
| Lower interest rate | — | ✓ |
| Single monthly payment | — | ✓ |
| Good for bad credit | ✓ | — |
Real experiences from Ontario homeowners
"Needed funds quickly for a business opportunity. Got approved for a second mortgage in 48 hours with bad credit. The process was smooth and professional."
"Used a second mortgage to consolidate debt and renovate our kitchen. Saved hundreds monthly and increased our home value. Highly recommend!"
"Excellent service from start to finish. They explained all our options and helped us access equity without breaking our great first mortgage rate."
Common questions about second mortgages in Ontario
A second mortgage is a loan secured against your home equity, in addition to your primary (first) mortgage. It allows you to borrow money using your home as collateral without refinancing your existing mortgage.
Learn more about second mortgages and home equity
We provide second mortgage services throughout Ontario, including:
...and many more cities across Ontario
Get pre-approved for a second mortgage in 24-48 hours
Choose a time that works for you, or contact us directly
