Second Mortgage Ontario —
Access Your Home Equity Fast
Keep your existing first mortgage and tap into your home equity. Private second mortgages from 9.24% with up to 75% LTV. No income verification required.
Rates as of April 1, 2026 | Subject to OAC and qualification | FSRA #10874
What Can You Use a Second Mortgage For?
Your home equity is a powerful financial tool — here's how Ontario homeowners use it.
Home Renovations
Fund major upgrades that increase your property value.
Debt Consolidation
Consolidate high-interest credit cards and loans into one low payment.
Investment Opportunities
Access capital for business ventures or investment properties.
Tax Arrears
Pay off CRA debts and prevent property liens.
Emergency Funds
Handle unexpected expenses — medical, legal, or family needs.
Avoid Breaking 1st Mortgage
Access equity without paying expensive prepayment penalties.
Second Mortgage Options
Private 2nd Mortgage
- No income verification
- Approved in 48 hours
- Any credit score
Institutional 2nd Mortgage
- Income verification required
- Lower rates for qualified borrowers
- Credit score 600+
Is a Second Mortgage Right for You?
Check if you qualify — most homeowners with equity do.
5-Star Rated
Google Reviews
500+ Families Served
Proudly helping Ontario homeowners
5-Day Funding
Fast approval process
Saminder Juneja
Mortgage Broker • FSRA #10874
Client Success Stories
Real results from real clients
"Needed $150K for business expansion. Bank said no due to self-employment. Sami got me a 2nd mortgage in 6 days."
Second Mortgage FAQs
What is a second mortgage?
A second mortgage is a loan secured against your property in addition to your existing (first) mortgage. It allows you to access your home equity without refinancing or selling.
How much can I borrow with a second mortgage?
Typically up to 75-80% of your home's value, minus your existing first mortgage balance. For example, if your home is worth $800,000 with a $400,000 first mortgage, you could potentially borrow up to $200,000.
What are second mortgage rates in Ontario?
Private second mortgage rates start from 9.24% with lending fees from 2.75%. Institutional second mortgages from credit unions start from 6.49%. Rates as of April 1, 2026, subject to OAC.
Do I need good credit for a second mortgage?
Not necessarily. Private lenders focus on your home equity (LTV ratio) rather than credit score. Even with poor credit, you can qualify if you have sufficient equity.
Can I get a second mortgage if I'm self-employed?
Yes. Private lenders don't require traditional income verification. Your approval is primarily based on your property's equity and value.
How fast can I get a second mortgage?
Private second mortgages can be approved in 24-48 hours and funded within 5-10 business days. Institutional products take 2-4 weeks.
Access Your Home Equity Today
Second mortgages from 9.24%. Approved in 48 hours. No income verification.
Watch the tutorial
A 25-second walkthrough — tap play to see the scenario, the right calculator to use, and why borrowers choose this solution.
Second Mortgages by City
We arrange second mortgages and home equity loans across the Golden Horseshoe and Halton–Waterloo corridor. Open your city for local values, LTV limits and lender options.
- Second Mortgage Burlington
- Second Mortgage Oakville
- Second Mortgage Milton
- Second Mortgage Georgetown
- Second Mortgage Mississauga
- Second Mortgage Woodstock
- Second Mortgage Guelph
- Second Mortgage Kitchener
- Second Mortgage Cambridge
- Second Mortgage Waterloo
- Second Mortgage Halton Hills
- Second Mortgage Halton
- Second Mortgage Puslinch
- Second Mortgage Erin
- Second Mortgage Ancaster
- Second Mortgage Stoney Creek
Not on the list? See every Ontario city we serve.
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Your Mortgage Assistant