Your Life, Your Mortgage, Your Way!™
5004 Timberlea Blvd,
Unit # 211, Mississauga,
ON. L4W 5C5
Office: 905-212-1099 Info@sunmicrofinicial.ca
Second Mortgages

What is an additional mortgage and is it right for me?

As the equity in your home builds, so does the opportunity for you to leverage that equity by taking out a second or third mortgage on your property.

Second or third mortgages can be used to consolidate outstanding debt from other sources, renovate your home, pay for your child’s education, or any number of choices. In most cases, the rate of interest on an additional mortgage can be lower than borrowing on a credit card, potentially saving you a lot of money in the long run. What’s more, a second or third mortgage may provide you with more time to repay the loan, giving you added flexibility.

If you’re considering taking out an additional mortgage on your home, we encourage you to speak with a Mortgage Centre specialist who will discuss your unique financing needs. After researching your options, we’ll provide you with the information you need to make a sound decision.

Mortgage Calculator
Mortgage Rates
CHOOSE
PLAN
Variable
ARM Rates
1 Year
2 Year
3 Year
4 Year
5 Year
7 Year
10 Year
BANK
RATES %
P-.40 = 3.30% (P : 3.95%)
3.59%
3.74%
3.89%
3.94%
5.14%
5.80%
6.10%
OUR
RATES %
P-.80 = 2.85%
3.49%
3.19%
2.99%
2.89%
2.79%
4.04%
4.14%
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E
Contact us
5004 Timberlea Blvd,
Unit # 211, Mississauga,
ON. L4W 5C5
Office: 905-212-1099
Info@sunmicrofinicial.ca
Monday to Friday
9:30AM to 5:30PM
Your Life, Your Mortgage, Your Way!™
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