Second or Third mortgages for those additional loans you want

Second and Third Mortgages in Pickering, Ajax, Toronto

Second and Third mortgages are additional loans that can be acquired after the first mortgage using the same assets that were originally used to secure the first one.

Some reasons people may choose to do a second or third mortgage are:

  • Debt consolidation / Pay off creditors
  • House / Cottage renovations
  • Pay off property taxes that are in arrears
  • Extra cash flow
  • Bring mortgage arrears up to date
  • Avoid power of sale
  • Purchase a second property
  • Start up cash for a business
  • Weddings, Tuition etc

Although second and third mortgages can help borrowers get out of tough situations, there are always additional costs to consider. Such as, higher interest rates than that of your current first mortgage, lender/ lawyer fees and appraisals. So always be sure to consult your mortgage professional to see if doing a second and third mortgage is the right thing for you. It is also very important to have a plan for how to get out of your second and/ or third mortgage, as they are only meant to be a temporary fix.

Get a second or third mortage today! Serving the GTA, Pickering, Ajax, the rest of Durham and surrounding areas.

TESTIMONIALS

  • After speaking with several Brokers, my wife and I found that Steve Bryan at Mortgage Alliance was the right broker to handle our mortgage situation. He was highly professional, proactive, knowledgeable and patient. Steve and his associates followed up regularly, and took the time to explain all the pros and cons, this allowed us to make the best decision for our family. They work swift and accurate, wrapping up all of our matters within a couple of weeks. We would definitely contact Steve Bryan for any future mortgage concerns and recommend anyone looking for mortgage services to his brokerage.
    — Peabo & Sabrina S.
  • Referring u to friends/family is easy. I am picky and you addressed all my questions/concerns in a timely and professional manner. You were also extremely knowledgeable and provided me with some key information that assisted me in getting a property that meets all my needs by telling me about the home improvement loan from the bank.
    — Sophia
  • I have known Steve Bryan for the past three years …

    At our meeting I told him I was looking for a second mortgage on my home, he explained the steps involved in the process with great clarity he was very articulate, professional and effective. Steve was able to secure the mortgage with B2B bank at a reasonable interest rate and to my satisfaction.

    What I appreciated most was Steve’s dedication, commitment and driving results, I will recommend him to anyone in the future.

    — Judith D
  • If you’re looking for someone that will work for you and have your best interests at heart your search stops here. Steve fights for his clients to the end and never gives up on a deal until he gets it done. Thank you Steve.
    — Shelley D
  • We were recommend to Steve by a family friend and he was very professional and took the time out to lets us understand the pros and cons for what we wanted to do. When we decided what we wanted to do he gave us the best option. He’s patient and he makes sure you have all required documents before proceeding. I would recommend him to everyone.
    — Damian H

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