Second Mortgage

Access new funds without touching your current mortgage balance

A second mortgage is a financing solution that lets you unlock cash while keeping your existing mortgage intact. Unlike refinancing, you add a second loan alongside your current one, based on the home equity you’ve built up in your property.

What is a second mortgage and how can you use your home equity?

A second mortgage is a loan secured by your property, in addition to your first mortgage. As a secondary lien, it comes after the initial loan, meaning the lender is repaid second in case of default.

 Funds from this type of mortgage can be used for:

  • Renovating or expanding your home
  • Consolidating high-interest debts
  • Covering education, healthcare, or personal expenses
  • Investing in new opportunities without breaking your first mortgage
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Why choose a second mortgage over a private loan or other options?

A second mortgage can be more advantageous than a private loan because it offers:

  • Legally regulated mortgage conditions
  • Security provided by a registered legal mortgage on your property
  • The ability to finance projects while preserving your first mortgage
  • Home equity loans that give you quick access to your property’s value

Advantages: consolidate debt and leverage your home equity

Savings

Combine debts into one payment and lower your costs

Security

Financing backed by your home and protected by a legal mortgage

Flexibility

Use your equity loan to cover current financial needs

Optimization

Turn your home equity into available cash

Why work with us to compare mortgages and find the right solution

Our experts assess your financial situation and the equity in your home to find the second mortgage best suited to your needs. We compare multiple mortgage options and negotiate tailored financing—whether through a home equity loan or another solution that fits your goals.

Speak to a second mortgage advisor