Loan option
Second Mortgage in the GTA
A second mortgage sits in second position behind your existing first mortgage. It lets you tap your home's equity for a lump sum without breaking, refinancing, or re-qualifying your first mortgage at today's higher rates.
When homeowners use a second mortgage
- Consolidating higher-interest credit-card or personal-loan debt
- Funding a renovation or essential home repair
- Bridging a short-term cash crunch while you reposition longer-term financing
- Covering tax arrears, family obligations, or a business cash gap
How equity-based qualification works
Lending partners typically focus on the equity in the property and a clear exit strategy rather than on credit-score or income thresholds alone.
As a general Ontario rule, lending partners want the combined balance of every mortgage that will sit against the property — first, second, and so on — to land at roughly 75%–80% of the appraised value. We are a referral service, not a lender; final pricing and approval are determined by the licensed lending partner.
Second Mortgage by city in the GTA
Browse second mortgage options in your area. Each page reflects local housing context, but the underlying program is the same equity-based approach.
Other GTA & Ontario cities
Lending Options Across the GTA
Explore equity-based lending options by type and by city. We connect homeowners across the Greater Toronto Area with our network of licensed lending partners.