Second mortgages are a popular option for home owners who may want to carry out renovations, consolidate unsecured debt or acquire funds for unexpected emergencies. Mortgage Partners Corporation proudly offers second mortgages and secured home equity line of credit (HELOC), from our own pool of funds, for as much as 90% loan to value (LTV). This percentage allows you to maximize your equity takeout and is exclusive to Mortgage Partners. We often provide approval in as little as 24 hours. Our clients can take advantage of several benefits, such as 1st mortgage arrears property tax arrears, judgments, liens, and Canada Revenue Agency (CRA) arrears. Second mortgages can also help with other financial needs such as construction financing, emergency situations, and unexpected medical bills.
When working with Mortgage Partners, our clients can take advantage of the fast and efficient approval process. There is no need for appraisals or excessive paperwork, unlike other lending institutions. This makes the unique second mortgage process from Mortgage Partners unlike any other lending partner in the industry.
We have over $100 million in funds for homes, rental properties, condos, well and septic properties, and farm and commercial properties. Our team of professionals has dedicated years to establishing relationships with the industry’s top Investors and Partners throughout Canada. This makes us one of the most recognized alternative lending Mortgage Brokerages in Ontario. We offer competitive rates ranging from 3.99% to 9.99%. Clients are approved on equity, not credit.