Second Mortgage
Vancouver
Custom-tailored solutions and seamless approvals for borrowers.
Or talk to a mortgage broker now:
Let's Get Started
Play Video
How Can a Second Mortgage in Vancouver Help?
Vancouver is British Columbia’s most populated city and is home to one of the country’s busiest real estate markets. This can make the development or renovation of a property hard to fund. To make up for their lack of funds and cover the costs of their expenses, borrowers in Vancouver often turn towards second mortgages.
A second mortgage is a loan taken up against a previously mortgaged property. If you have personal, professional, or property-related financial issues, a second mortgage can be a smart solution. People get second mortgages in Canada for many reasons, including but not limited to:
- Making up for bills and overdue payments
- Funding personal needs or leisure activities
- Covering the costs for home renovations, construction, or other such improvements
- Funding emergency expenses
- Investing
- Purchase a 2nd home or vacation property
- Life situations
If you can relate to these scenarios, you've come to the right place! With Freedom Capital, our borrowers receive custom-tailored commercial financing solutions and quick approvals.
Client Testimonials
How Can Freedom Capital Help?
When it comes to second mortgages, borrowers have to consider many different options. To obtain a suitable mortgage you need to settle on the type of loan, lender, mortgage broker, loan terms and mortgage terms.
This can be tedious and tiresome, effectively wasting your time, effort and money. At Freedom Capital, we can cut down your research process and provide you with the options you need. Our position as a popular national brokerage in Canada ensures that we can provide clients with unique mortgage options and immediate financing.
Are you tired of scoring the market for the best deal? If so, Freedom Capital is here to help!
- Custom solutions tailored to your needs
- Expert financial advice
- Mortgage approval in as little as 24 hours*
- Unique lending options you will NOT find with banks or other lenders
- Open to discussions 7 days a week
FAQ
Yes. If you are looking to refinance your home equity loan, HELOC or second mortgage you need to simply follow the same procedure as you would for a regular mortgage.
To qualify for a Freedom Capital second mortgage you need a minimum of 20% of the equity in your home.
A piggyback second mortgage is a HELOC or home equity loan taken out at the same time as your first mortgage. It is used to help borrowers finance their initial mortgage and any expenses related to it such as interest rates and down payments.
Yes! In fact, it is smarter to leverage an investment property instead of your family home. As long as your investment property has equity, you can most certainly get a second mortgage against it.
To get a mortgage against your investment property you need to follow the same qualification and application process you would for a mortgage against your home.
Freedom Capital has one of the fastest turnaround times in the industry. Subject to the type of mortgage you are applying for, you can potentially get a mortgage approval in 24 hours*.
