Private mortgage solution
Private Second Mortgages
A private second mortgage can let a homeowner access equity while keeping an existing first mortgage in place. It is often used for short-term liquidity, debt consolidation, tax arrears, business cash flow, repairs, or bridge needs.
When this may fit
Every file depends on lender review, available equity, property marketability, urgency, documentation, and exit strategy.
- Keep existing first mortgage where appropriate
- Use equity for urgent payout needs
- Shorter-term strategy with a defined exit
- Lender risk depends heavily on combined loan-to-value
What lenders usually review
Property value, mortgage balance, requested amount, position on title, taxes, strata, credit, income support, use of funds, legal status, and the plan to repay or refinance.
Disclosure: Private mortgage terms vary. Do not rely on a quoted rate or payment until a formal lender commitment and legal review are complete.