second-mortgage-toronto

Third Mortgages Explained

A third mortgage is a type of mortgage that someone who has an existing primary and second mortgage can get on the same home or property. Most people who take on a third mortgage do so when the penalty for paying off the primary and the second mortgage is not reasonable. When this is the […]

Is It Easy to Get a Second Mortgage?

Perhaps you’re wondering whether now is the right time to get a second mortgage. After all, getting a second mortgage is quite common these days and it doesn’t seem to be a very complicated process. Is it indeed true that it is easy to get a second mortgage? Second Mortgage Requirements Just like any other […]

Power of Sale for a Mortgage

Paying for a mortgage can be tricky. A simple financial misstep can easily lead to missing a few payments which can have severe consequences according to the specific terms agreed between the lender and the borrower. When a person takes out a mortgage, it is agreed that payments must be made in full and on […]