Second Mortgage Alberta & Saskatchewan

Use the Equity in Your Home for a Second Mortgage

Second mortgage borrowing in Alberta Canada

Financial situations can change from one year to the next.  Illness, a job loss, unexpected expenses and other factors can cause homeowners to need additional funds.  

There are many ways to use the equity in your home to finance your cash flow needs.  Speaking with an expert at Kincaid Mortgages can help you learn all your options to find the one that best suits your situation.

One option to raise a large amount of cash is to take out a second mortgage on your current home.  This  involves refinancing by using your property to secure a second mortgage – leaving the first mortgage intact.

This second mortgage is inferior to the first, so in case of default or selling the home, the first mortgage must be paid off before the  second mortgage.

Second Mortgages

Second mortgages are generally offered at higher interest rates than first mortgages, but are still significantly lower than non-secured loans.  We can help you to get the lowest interest rate and the best terms by shopping your second mortgage over lenders across Canada.  You only fill out one application and we who are experienced in dealing with second mortgages.

Second Mortgage Options

Second mortgages in Alberta and Saskatchewan. A happy family gets the quick cash they need.Apply for a Second Mortgage

Considering the sky-high interest rates that are generally charged by credit card companies and other loan agencies, a second mortgage loan rate can often be lower, helping you save money on every payment you make.

You'll have options on how you choose to make these payments: whether monthly, bi-weekly or weekly, to suit your needs.

Call us today to learn your options for obtaining a second mortgage in Alberta or Saskatchewan.