Toronto Second Mortgage Broker

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Qualifying for your second home mortgage.

If you are considering buying a second home, you have reached the right blog! We will go through some questions and material as to what to consider when making such a significant decision. Despite the fact that mortgages maybe the focus in a purchaser’s mind, one will need to have a plan of action as …

Does it make sense to refinance a second mortgage?

You’ve been told you should consider refinancing your second mortgage, but what does it mean and does it make sense for you? Refinancing your second mortgage essentially means you’ll obtain a new mortgage by trying to lower your monthly costs. Refinancing your second mortgage is a step you shouldn’t take lightly, so if you’re interested …

Why combine your first and second mortgage?

Mortgage rates have significantly changed, and you’re considering or have taken out a second mortgage and are wondering whether you should combine both your first and second mortgage into one. Before jumping right in and consolidating both your mortgages into one, consider your unique circumstances, and understand your situation. So, should you combine your mortgages? …

Why consider getting a second mortgage?

So, you’re considering taking out a second mortgage, but what is this type of mortgage and how does it work? 2nd mortgages allow you to take out money that is secured by your home, similar to a first mortgage. The only difference is your second loan is an additional loan taken out on a home …