- Best Mortgage Rates
- Fixed Mortgage Rates
- Variable Mortgage Rates
Discover Tailored Second Mortgage Solutions to Unlock Your Home's Equity and Achieve Your Financial Goals.
A second mortgage can be a potent financial instrument that enables you to utilize the equity in your property to achieve a variety of financial objectives. A second mortgage is a versatile and accessible solution that can be used to consolidate debt, finance home improvements, or cover unforeseen expenses.
A second mortgage is a type of loan that enables you to borrow against the equity in your house, which is the difference between the sum you owe on your primary mortgage and the current market value of your home. Unlike your first mortgage, which is utilized to acquire the residence, a second mortgage can be used to serve a variety of purposes, providing you with financial flexibility and freedom.
Second mortgages are financial instruments that allow homeowners to use the equity in their home to secure a second loan.
They come in a variety of formats. You can make a single lump-sum payment and then repay the capital in defined monthly installments. The contract covers the capital, the interest rate, the repayments, and the repayment term. If you want to borrow against your home equity again after paying off your mortgage, you must enter into a new mortgage arrangement.
Many homeowners use their home equity to obtain a Home Equity Line of Credit, or HELOC, which is essentially a revolving credit. When you have a line of credit, the funds are available when you need them. You are under no obligation to use it, and you will not be charged interest until you do. The lender establishes a maximum loan amount, which you can borrow and repay as you see fit. You only pay interest on the amount owed.
The process for getting a second mortgage is based upon many of important factors, such as the equity of your property, your credit score, and your debt-to-income ratio. Here are some steps to help you prepare:
Find out how our second mortgage solutions have helped our satisfied clients meet their financial goals by leveraging their home equity.
Trustindex verifies that the original source of the review is Google.
gaspard alcine2023-08-26Working with Turking Mortgage Team, has been incredible. They have helped from start to finish in making sure that everything is done perfectly. Shant was always available and always provided the best advice. I thank Shant for all that he did and for making sure that the whole process went smoothly. I recommend them to anyone who is serious in starting the process of purchasing a home!! Thank you for your help Shant.Trustindex verifies that the original source of the review is Google.Summer Jirjis2023-08-25We had Couple mortgages through Turkin Mortgage, we had Taleen taking care of our file, Highly recommended, friendly and expert in what they do and they have options many options.Trustindex verifies that the original source of the review is Google.Rodrigo Damas2023-08-23I had the pleasure of working with Shant for my mortgage needs, and I couldn't be happier with the experience. Shant's expertise and professionalism truly set him apart. From our first conversation, it was clear that he had a deep understanding of the mortgage market and was dedicated to finding the best solution for me. Shant guided me through the entire process, answering all my questions and ensuring I was well-informed at every step. His communication skills are exceptional, and he made sure I felt comfortable and confident throughout the application process. What I appreciated most about Shant was his commitment to getting me the best possible terms. He went above and beyond to secure a mortgage that aligned perfectly with my financial goals and needs. His attention to detail and personalized approach made all the difference. I recommend Shant to anyone in need of mortgage services. Working with him was a smooth and efficient experience, and I'm grateful for his dedication in making my mortgage journey a success. Thank you, Shant, for your outstanding service and unwavering support.Trustindex verifies that the original source of the review is Google.Dharika Kapadia Pokonzie2023-08-22I worked with Tai on our first mortgage this past March and had been in contact with him for a few months prior. Tai was such a great individual to work with, he was always looking for better rates and helped us find the best rate for us to be able to close on our first home. I've worked with other brokers before but none compared to the level of support Tai was able to provide. My agent was also really happy with Tai's support and has been recommending him to her clients.Trustindex verifies that the original source of the review is Google.Christopher Bothwell2023-08-19Leon and team were fantastic through the entire process. Highly recommend.Trustindex verifies that the original source of the review is Google.unja baek2023-08-17He such great person! Thank you so much for your help.Trustindex verifies that the original source of the review is Google.Jason Lee2023-08-15Leon and his staff are amazing. My wife and I were having difficulties securing a mortgage. Due to the pandemic, our incomes were negatively affected. Most banks wouldn't even consider us. Leon and his team went above and beyond and helped us and within a short time, we were able to move into our new home. Leon and his staff are incredible and diligent and amazing. Thank you Leon and staff. Thank you for all your hard work and thank you for blessing us.Trustindex verifies that the original source of the review is Google.Kinnected Chain2023-08-14Taleen is great!
If you’re worn down by subpar service from banks and other brokers, we’re here for you. We offer premium service that the big banks just can’t deliver. With experienced mortgage brokers located right here in Toronto we’re ready to help you achieve and exceed your goals.
We're here to answer your questions and get you on your way to the best Home Loan experience.
