What is an Additional Mortgage, and Could It Be Right for You?
As your home’s equity grows, you have the chance to tap into that value by taking out a second—or even third—mortgage on your property.
These additional mortgages can help you consolidate debts, fund home renovations, cover education expenses, or meet other financial goals. The interest rates on additional mortgages are lower than those on credit cards, which can add up to significant savings over time. Plus, you often get more time to pay it back, so your monthly payments can be easier to manage.
If you’re thinking about taking out an additional mortgage, I’d be happy to chat and help you figure out the best option for your situation.
Contact us Today!Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Learn MoreThrough training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.
Learn MoreWe understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.
Learn More