Second Mortgages
Second position, first class service.
Access equity without disturbing a favourable first mortgage. Second position financing sized to the equity behind your existing loan.
From $50,000
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What you get
- Leave a low rate first mortgage untouched
- Equity deals based on appraised value
- No minimum credit score
- Flexible open and closed structures
How it works
- 01
Tell us the first mortgage balance
We calculate the equity available behind it.
- 02
Receive a rate quote
Quotes are issued within 2 hours during business hours.
- 03
Close and receive funds
The second charge registers and capital is released.
Low stress process
No GDS/TDS. No CRA documents. No minimum credit score.
Interest only options
Keep monthly costs low while your plan comes together.
Quotes in 2 hours
Professionals lending since 1980.
Second Mortgages questions, answered
Will my first mortgage lender need to approve?
In most cases a second charge registers behind the existing first mortgage without renegotiating it.
How much equity do I need?
It depends on the equity remaining behind your first mortgage and the strength of the exit strategy.
Can I pay it out early?
Yes. Open structures are available when early payout is part of the plan.