Many Canadians are choosing to use a second mortgage to help achieve their financial goals.
A second mortgage is a type of home equity loan that allows homeowners to borrow funds from the equity in their home. This is a great option that allows you to keep your first existing mortgage in place.
Whether you need funds for renovations, large purchases (vehicle, cottage etc.) tuition for a childs education or to pay off debt. Second mortgages can provide additional flexibility to utizile the equity in your home.
Subject to approved credit, income verification and meeting lending credit granting criteria. Applies to residential mortgages only and some conditions may apply. O.A.C., E.O.E. All content is subject to change without notice.