The loan you need is easy to secure when you take out a second mortgage.

Your Trusted source for Second Mortgages in Ontario

Sooner or later every Ontario homeowner runs into a time when they could really use a loan. Unfortunately, without sufficient collateral, it can be nearly impossible to get a loan no matter how badly you need the money. However, if you own a home in the GTA or anywhere in Ontario, then taking out a second mortgage in Ontario is not only possible, it’s going to mean a large sum of money too.

Second mortgages tend to be a lot more flexible than the initial ones people take out to purchase a home. You could get one with terms that allow for 20 years to pay it off. However, plenty of homeowners in Ontario opt for a much shorter period of time, even as little as just a year.

Whatever the case, it’s important you understand that you have options. Think through what the ideal loan would look like before you begin shopping around for a lender. How much do you need exactly? If you’re taking out this mortgage for something like renovations, factor in unforeseen costs that almost always seem so show up. The last thing you want to do is have a second mortgage and still need more money.

Then consider the ideal terms for paying it off. Most people prefer to pay off their second mortgage ASAP, but your circumstances may not be the same as theirs.

Finally, consider as many lenders as possible. At Mortgage Captain, we can help. All you have to do is fill out our online application and we’ll put it in front of our network of over 50 lenders. Feel free to give us a call at 1-613-296-3892 if you have any questions.