Second Mortgage
Ontario
Why Should You Get a Second Mortgage in Ontario?
If you are facing a life situation, or are in need of finances to fund any major expenses, a second mortgage in Ontario is a great solution for you. With a second mortgage, you can fund a number of expenses so long as they fit your lender’s criteria. Whether it be a home renovation or funding a wedding, you can cover the costs of any major financial burden with a second mortgage.
Private lenders in Ontario strive to provide clients with the best possible loan terms and second mortgage rates in Ontario. If you are looking for a second mortgage, consider talking to a private lender who can provide you with a unique solution for your needs.
Looking for a custom-tailored solution catered to your needs? Reach out today and let Freedom Capital assist you in your financial journey.
Client Testimonials
Looking For Second Mortgage Lenders in Ontario?
Freedom Capital is a national brokerage dedicated to providing borrowers across Canada with the alternative and commercial lending solutions they need. We cater to a number of clients, including individuals who were previously rejected by banks.
- Reasonable requirements
- Unique mortgage solutions
- Array of lenders
- Quick approvals in as little as 24 hours*
- Adjustable loan terms
Looking for a custom-tailored solution catered to your needs? Reach out today and let Freedom Capital assist you in your financial journey.
FAQ
What are the current second mortgage rates in Ontario?
As of today, the interest rate for a second mortgage in Ontario ranges between 7.8% to 12%. The exact rate may vary according to your mortgage.
Can I get a second mortgage in Ontario with a 5% down payment?
If you are looking for a second mortgage with lower down payment requirements, there are lenders in Ontario who can provide you with an ideal second mortgage with a 5% down payment.
Does a second mortgage affect your credit score?
A second mortgage could affect your credit score if you default on monthly payments. However, if you meet your monthly payments and repay the loan in time, then a second mortgage in Ontario will not negatively affect your credit score.