Second mortgages are often used to get a client out of a tight spot. They are used to buy time while the client positions themselves better. Second mortgages should only be considered if you have an exit plan. Paying out high interest debt and increasing cashflow or for emergency money, pulling this equity out of your home is sometimes the best solution.
We offer Professional Mortgage Services to clients across Hamilton, Haldimand, Stoney Creek and Ancaster, Ontario.