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Tips on a Canada second mortgage or applying for a Second mortgage Canada loan
The first thing that may surprise you about applying for a Canada second mortgage or a Second mortgage Canada loan is that you don’t have to feel obligated to ‘explain your story’ as much as you think you do. And that is because the Canada second mortgage is based on equity in your home and not your credit. There are two reasons for a client wanting a second mortgage rather than just redoing their current first Canada mortgage. One is that it is fast and simple because the approval is based on your home equity and not your earnings … or your job stability … or when or not support payments are being received/paid on time. Just equity. The second reason is that a client for one reason or another would prefer ‘not to touch’ their current 1st mortgage Canada loan financing.

To find the lowest cost second mortgage Canada, CLICK HERE


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