Second Mortgage Ontario
Second Mortgage Options in Ontario
Your home holds significant equity. A second mortgage lets you access it — without touching your first mortgage rate, and with a clear plan to pay it back.
Equity Without Disruption
How a Second Mortgage Works
A second mortgage sits behind your existing first mortgage on title — meaning your first mortgage rate is completely untouched. You access additional capital based on the equity you've built, without refinancing or triggering costly mortgage penalties.
PMC structures second mortgages differently from banks. We assess the full picture — property value, equity position, purpose of borrowing, and your capacity to repay — then build a defined exit strategy into every loan.
Whether you're accessing equity for 3 months or 12 months, you'll know exactly how and when you're exiting before you sign anything.
When It Makes Sense
Common Second Mortgage Scenarios
A second mortgage is a purpose-driven tool. Here are the most common — and most strategic — ways Ontario borrowers use them.
Renovation Financing
Fund a major reno — addition, basement, kitchen, income suite — without breaking your first mortgage penalization. Access equity now, repay from the increased property value or eventual refinance.
Debt Consolidation
A second mortgage at 10-12% can replace multiple debts at 20-29% (credit cards, LOC). Lower monthly payments. Single lender. And PMC builds the plan to pay it off through a future refinance.
Investment Property Down Payment
Use equity from your principal residence to fund the down payment on an income property — without liquidating investments or waiting years to save.
Business Capital
For business owners who need short-term working capital but face bank restrictions. Access private capital through home equity, deploy it in the business, and repay from business cash flow.
Deals Funded
Capital Deployed
Broker of the Year
Licensed Brokerage
Common Questions
Second Mortgage Questions, Answered
Equity Access, Ontario
Your Home Has Capital. Let's Put It to Work.
Submit your deal snapshot. We'll assess your equity position, structure the right second mortgage, and map your exit — same business day.
What type of financing do you need?
Select option that best describes your situation
Purchase
Buying a new property
Refinance
Refinancing existing mortgage
Equity Take-Out
Access home equity
Bridge/Short-Term
Temporary financing
Construction/Renovation
Building or renovating
Debt Consolidation
Consolidating debts
FSRA-Licensed · Exit Strategy on Every Deal · 24-Hour Response