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You can get a second mortgage in Canada by applying to a bank such as State Farm. There will be conditions on the total loan to value ratio and also one your ability to repay the mortgage.

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12y ago

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Where could someone find mortgage brokers in Canada?

Canadian mortgage brokers include Truenorthmortgage, Invis, CMB Canada Mortgage, MBAAC, Homeloan, MBC brokers, Mortgage for Less, Canada First, Brokers for Life, MTG Experts, Dreyergroup.


How would someone calculate the cost of a second mortgage?

One can calculate the cost of a second mortgage by going to the website 'MortgageCalculator'. Here one can find information about achieving a second mortgage and use the calculator to calculate the cost of a second mortgage.


How can one make a request for a new mortgage in Canada?

To request a new mortgage in Canada one must go to any of the local banks or mortgage companies within that area. There are many to choose from and anyone considering a primary or second mortgage must weigh their options carefully.


Where can someone in the Toronto are find information on debt consolidation with a 2nd mortgage?

If you are inquiring about debt consolidation with a second mortgage and you live in the Toronto area then you will find several online sites available. GTA-Mortages, Canada Lend, and Loans Canada are just a few of the online sites that you can access information on debt consolidation.


If there is a lien on a house but someone else is on the 2nd mortgage does it affect their credit also?

yes, only if the second mortgage does not get paid.


What can be found on the Canada mortgage and housing site?

The Canada Mortgage and Housing site offers housing and mortgage insurance information. The info is provided by the Canada Mortgage and Housing Corporation.


Which banks offer refinancing on a second mortgage?

Banks that offer refinancing on a second mortgage include TD Canada Trust, Scotiabank, Bank of Montreal, Royal Bank, Bank of America, Citi Bank and CIBC.


Where can someone with bad credit apply for a second mortgage?

There are many places where one can apply for a second mortgage with bad credit. This includes lenders such as Norton Finance, YBS Online and Vanquis.


What happens if someone pays their first mortgage but not their second?

The mortgage companies will end up fighting over the proceeds when your house is sold after foreclosure.


Why might a homeowner take out a second mortgage?

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Which websites offer a Canadian Mortgage Calculator?

There are several websites which offer a Canadian mortgage calculator. TD Canada Trust, RBC Royal Bank, Mortgage Calculator Canada and Canada Mortgage all offer Canadian mortgage calculators.


How can someone find the best mortgage payment calculator?

TD Canada Trust, Bank of Montreal, CIBC, The Royal Bank of Canada and Scotia Bank are a few financial institutions that offer easy to use mortgage payment calculators.