Private and Second Mortgages in Toronto, ON

Private Mortgages

Having problems securing a mortgage? You're not alone. There are many reasons why someone may fall outside of the borrowing guidelines of institutional lenders. Whether you have less than perfect credit, a reduced income, or a life event that has impacted your current financial situation, a private mortgage may be an option for you.
We'll sit down with you and discuss your current situation, and we'll look into financing options that may be suited to your needs.

 

Second Mortgages

What is an additional mortgage and is it right for me? As the equity in your home builds, so does the opportunity for you to leverage that equity by taking out a second or third mortgage on your property.

Second or third mortgages can be used to

In most cases, the rate of interest on an additional mortgage can be lower than borrowing on a credit card, potentially saving you a lot of money in the long run. What's more, a second or third mortgage may provide you with more time to repay the loan, giving you added flexibility.

If you're considering taking out an additional mortgage on your home, we encourage you to give us a call at 647-893-2535 to discuss your unique financing needs. After researching your options, we'll provide you with the information you need to make a sound decision.



Information provided by Snezhana Todorova, Mortgage Agent, Lic #M13000122. Dominion Lending Centres Mortgage Watch Lic#12044.
Snezhana can be reached at 647-893-2535 or mortgages@snezhana.ca