Second Mortgage

There are many reasons why people consider a second mortgage. You may be looking to consolidate debt and get rid of the higher interest loans such as credit card debt. Allowing you to have more cashflow.  

You may be looking to access equity for some home renovations, perhaps a rental property or vacation home. This allows you to access your home equity without having to break your first mortgage and have to pay a huge penalty or lose your lower interest rate. 

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A second mortgage can be easier to qualify for then secured line of credit as you may not income qualify with a traditional lender. 

A second mortgage will go behind your current first mortgage lender and we can usually structure it so that at the time of renewal for your first mortgage we can refinance and combine them together back into one mortgage. 

As a mortgage broker it's my job to review these options with you and we can puit togehter a strategy that works for you.