Refinancing often means breaking your existing mortgage—which can come with high penalties or cause you to lose a great rate. A second mortgage lets you access funds without disturbing your first mortgage.

Second mortgage funds are commonly used for home renovations, debt consolidation, business investment, covering unexpected expenses, or helping family. There are no restrictions on use.

A HELOC is typically offered by banks to clients with strong credit and income. A private second mortgage is based primarily on the equity in your home and doesn’t require traditional income or credit qualifications.

No. We focus on the equity in your property—not your credit score. We regularly work with borrowers who have bruised credit, collections, or past bankruptcies.

We look at the total loan-to-value (LTV), which includes your existing mortgage and the new second mortgage. We typically lend up to 70% of your home’s value, depending on location, liquidity, property type and the borrower profile.

We can often provide a commitment within 24–48 hours and fund in just a few business days, depending on how quickly documents are provided and legal work is completed.

Rates for private second mortgages are higher than traditional mortgages because they carry more risk—but we keep pricing fair and competitive. All rates and fees are fully disclosed up front, with no hidden charges.

We’ll need a short application, a copy of your credit report, mortgage and property tax statements, your most recent Notice of Assessment, and recent photos of the property. For purchases or condos, we may request a few additional documents.

You can pay off the second mortgage at any time. Most of our second mortgages are open after a short period, meaning you can sell or refinance without major penalties. We’ll review all terms with you clearly before closing.