Second Mortgage

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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.

Isabella Flores
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Freedom Capital Team is one of the most amazing mortgage brokers that I have work with, the level of service they provide is outstanding. The team is very professional and were able to answer all of my client questions. Very responsive and acted fast on a mortgage that need it to get approved fast. Highly recommend working with Freedom Capital. Thanks Pip, Sylvia and Kathy
RSB Developments Ltd
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Positive: Professionalism, Quality, Responsiveness, Value Pip and his dedicated team at Freedom Capital went above and beyond for us. We gave them a challenge of getting approval for us within 24 hrs and they were able to do it! I am so appreciative of Pip and his team for taking the time to not only help us understand the process but get it done Quickly! It was easy to see that Pip really values his clients and their best interests. We would work with Pip and his team in the future!
Kim Vo
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I am very happy to have worked with Pip, Sylvia, Rosy, Kathy on my recent mortgage fund. Especially Kathy and Rosy with constant follow-ups and conversations with me all along the application until funding date. Rosy has guided me through the process which I needed. I understand it must be a whole team effort, a lot of work must have occurred behind the phone line in which me the client might not be able to see after I hang up conversing over the phone. They have worked diligently to bring satisfaction serving their clients. I truly appreciate and grateful to deal with Freedom Capital!
John Vranic
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I have worked with many private lenders in the past and I must say that Rosy Ram was the one of the best people to deal with. To top it off my situation was extremely difficult and had many layers to it. After submitting documents that Rosy required she was able to get me a deal quite quickly. I was pleasantly surprised how professional and efficiently she worked. Many other lenders will promise you deals, string you along only to fall short in the end. All the terms, conditions and rates were very reasonable in light of my situation as well. Looking forward to doing more business with Freedom Capital!
AMIR Rahimtula
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Pip Dhaliwal and The Freedom Capital Team are top producers in the mortgage game. Time after time they come forward effectively, efficiently with experience that counts and competitive results! As commercial developer we trust Pip and his team when they say they will get it done! They think outside the box and deal size never matters with Freedom Capital, they have knowledge and relationships with credible financiers to make our 106 unit condo project a reality and help Transnat Properties provide affordable homes to the public.
Gregory Hilman
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We had another broker working on our deal for over three months, and the service was very disappointing... Then we called Pip for a competitive assessment, he made the deal in less than 2 weeks, and it was 3 x what the other lenders were offering. We even got open terms and better interest rate than we expected. Fantastic service and A very reputable lender… We would never go to another broker again!! 5 STARS!!

Client Testimonials

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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.

Looking for a custom-tailored solution catered to your needs? Reach out today and let Freedom Capital assist you in your financial journey.


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.

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.

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.

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