Your Home's Potential,
Unlocked.
Access the equity you've built and use it to fund your next renovation project, consolidate debt, or seize an investment opportunity with a simple, transparent second mortgage.
What Will You Build With Your Equity?
A second mortgage is a powerful tool for achieving your financial goals. Here's how many homeowners use their home's equity.
Renovation Financing
Create your dream kitchen or add a major extension.
Consolidate Debt
Combine high-interest debts into one lower payment.
Fuel Investments
Secure a down payment for another property.
Cover Major Costs
Finance education or unexpected medical bills.
What is a Second Mortgage?
A second mortgage is an additional loan secured against the equity in your home - the portion you truly own, calculated as your property's current value minus your first mortgage balance.
Being "second" in priority, your original mortgage stays intact. This makes it an effective way to access funds without refinancing or selling your home.
Visualizing Your Equity
It's the difference between your home's value and mortgage balance.
Key Advantages of a Second Mortgage
This solution is often a smarter financial tool than refinancing or unsecured personal loans.
Keep Your Great Rate
Don't break your current mortgage, especially if it has a low interest rate. A second mortgage leaves your first one completely intact.
Faster Access to Capital
The approval process is typically much simpler and faster than a full mortgage refinance, getting you the funds you need sooner.
Flexible Funding Options
Whether you need a one-time lump sum or a flexible credit line (HELOC), we find the right solution for you.
Our Simple, Guided Process
We combine technology with a human touch to make the process clear and efficient.
Submit an Application
Fill out our short, secure online form with some basic information to get started.
Speak with an Expert
A dedicated mortgage agent will contact you to discuss your specific goals and financial situation.
Review & Close
Your agent presents the best loan options. Once you choose, we handle the paperwork to get you funded.
Expert Guidance, Digital Simplicity
We provide access to a wide network of lenders, including banks, credit unions, and private lenders, to find the right fit for your situation.
The Right Loan For Your Needs
Whether you need a one-time amount or ongoing flexibility, we have a solution that fits.
Home Equity Loan
Receive a one-time lump sum payment. Ideal for large, planned expenses like a major renovation, offering a fixed interest rate and predictable payments.
HELOC
A revolving line of credit you can draw from and repay as needed. Perfect for ongoing or unpredictable expenses, as you only pay interest on what you use.
Ready to take the next step?
Our team is ready to help you navigate your options. Start a conversation with a dedicated mortgage agent today.
Request a Free ConsultationFrequently Asked Questions
Typically, lenders allow you to borrow up to a combined 80% of your home's appraised value. For example, if your home is worth $800,000 and you owe $450,000, your total mortgage limit would be $640,000, giving you access to up to $190,000.
A second mortgage is an additional loan on top of your existing one, leaving your first mortgage untouched. Refinancing, however, replaces your current mortgage with a new, larger one. A second mortgage is often preferred if your first mortgage has a very low interest rate you don't want to lose.
In Canada, mortgage interest may be tax-deductible if the funds are used for income-generating purposes, such as investing in a business or a rental property. Funds used for personal expenses are not deductible. We always recommend consulting with a tax advisor.
Because the loan is secured by your home, the primary risk is foreclosure if you cannot make the payments. Second mortgages also typically have higher interest rates than first mortgages and come with closing costs, including appraisal and legal fees.
Request Your Free Consultation
Fill out the form below, and one of our mortgage specialists will contact you shortly, with no obligation.