Second Mortgage
A second mortgage loan allows you to use the equity you’ve built in your home to access the additional funds you need.
At Streamline Mortgages, we aim to provide homeowners with the most favorable mortgage rates available. Our dedicated team of mortgage professionals are available to answer any questions you have about our programs and options.
Many homeowners choose to take out a second mortgage to make renovations or repairs on their home or to pay off substantial amounts of debt. With Streamline Mortgages, we offer the most competitive and favourable mortgage terms to our clients. We also make the process of securing a second mortgage easy.
What Is A Second Mortgage
Streamline Difference
Services We Offer
A second mortgage is a loan that uses home equity (the difference between the current market value of the home and any remaining mortgage balance) to fund various expenses. A second mortgage is a type of home equity loan, but it is not to be confused with an actual home equity loan.
Typically, most homeowners take out a second mortgage in order to renovate or repair their home as well as to pay off large amounts of debt. The benefit of a second mortgage is that it will not affect your first mortgage and would be structured to mature at the same time as your current mortgage. The borrower also receives the lump sum at the beginning of the loan and is free to spend those funds however he or she likes. This second mortgage is then paid back in a similar manner that a first mortgage is paid off: over a specific period and at fixed or variable interest rate, or through a subsequent refinance.
Streamline Mortgages is your trusted mortgage company regardless of your financial situation. We offer competitive rates for each of our clients even if you have bruised credit. This is made possible due to our extensive connections in the industry. Our mortgage experts give you the support and guidance you need while also offering a range of options and discussing those options with you so that you can make the best financial decision for yourself. In addition to competitive rates, terms, and trusted mortgage experts, our services are prompt and highly efficient. We can secure an approval in as little as 24 hours. This is why we are a leading mortgage company in Ontario.
In addition to home purchase, we also offer:
Home Refinance
Second Mortgage
Private Mortgage
Commercial Mortgage
Home Equity Loan
Home Renovation
Apply for our home purchase services in 30 seconds here and receive approval within 24-48 hours. We also offer free consultations, which you can request here. If you prefer, you can call us toll free at
We strive to provide excellent service and customer satisfaction means you can expect a positive experience while working with us. If you’re in need of extra cash, a second mortgage option can be a good idea if you’re unable to rewrite your first mortgage. Give one of our consultants a call to see if a second mortgage option is a right fit for you.
Our Second Mortgage Services
When purchasing a home, we can offer these services to help you successfully complete your mortgage.
