Savers Mortgage

License #10587

SAME DAY Mortgage Approvals!

(416) 493-1983

1-888-907-2837

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Serving Southern & Central Ontario

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Second Mortgages

Second Mortgage Approvals Despite Credit, Income, or Power of Sale!

A second mortgage is a loan on a home that already has a mortgage. When looking to make a large purchase such as a vehicle, starting a business, consolidating debt, or paying towards college, a second mortgage could be an option for a homeowner other than refinancing.

A homeowner will need equity in their home to obtain a second mortgage. Equity is the amount left after deducting what is owed by the home’s current market value. For example, if a homeowner owes $200,000 on their home and the home’s value is $250,000, the equity on that home is $50,000.

Interest rates, fixed and variable, tend to be higher than the first mortgage, but better than personal loans and credit cards.

At Savers Mortgage, we’ll get you approved no matter the circumstance. Turned down by the bank? Self-Employed? Income? Bad credit? Power of sale? Count on Savers Mortgage!

Applying for a Second Mortgage

The Savers Mortgage application process is convenient, quick, and easy. Simply fill out your information using our online form. Once received, one of our associates will review the information you provided and will follow up by phone or email.

The Benefits of Working with Savers Mortgage

We offer both fixed & variable-rate mortgages to qualified borrowers.

SAVERS MORTGAGE HAS BEEN “THE BANK ALTERNATIVE” FOR OVER 30 YEARS!

OFFERING EQUITY-ONLY HOME MORTGAGE APPROVALS DESPITE CREDIT, INCOME, POWER OF SALE … OR FOR ANY REASON!

Get Approved Despite Income, Credit, or Power of Sale

Count on Savers Mortgage, The Problem Solvers!

Apply Now

CALL US 9AM – 9PM – 7 DAYS A WEEK!

(416) 493-1983

3 MINUTE APPLICATION

  • * For purchases complete our comprehensive form here.
  • * By submitting this Application and pressing the "submit" button the applicant(s) hereby authorizes Savers Mortgage to procure necessary consumer credit reports (for the purpose to check for any Judgments, Liens or Executions) certify that this application is accurate, all applicants/owners have agreed to submit this application, the Lender may designate the closing solicitor for any accepted Mortgage(s), the applicant(s) agree information provided above may be shared with any parties that Savers Mortgage deems necessary at their discretion to procure a Mortgage.

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