Get Your Second Mortgage Quote
Free, no-obligation assessment
Get Cash From Your Home Equity. Starting From 4.99% APR
Unlock the value in your home with access to 75+ private lenders. Fast reviews, flexible terms, and options built around your equity.
APR from 12.96% (example APR, includes lender, broker, legal, and appraisal fees). Rate and APR subject to lender approval, underwriting, credit profile, property type, loan-to-value, and term.
Lender Partners
Access to a broad second mortgage lender panel
Options vary by equity, property type, credit profile, location, and requested term.
Trusted by hundreds of Canadians
Second mortgage advice built around fit, speed, and exit strategy.
75+
Private lenders
A broad lender panel gives homeowners more room to compare fit, pricing, and timing.
40+
Years combined experience
Broker-led mortgage guidance for files that need more than a rate quote.
$500M+
Funded mortgages
Experience across refinances, private mortgages, and equity take-outs.
24-48h
Typical review window
Fast next-step clarity once the core file details are available.
“We needed to consolidate payments without disturbing our first mortgage. The review made the options and tradeoffs much easier to understand.”
“Our bank file was moving too slowly for the renovation timeline. Open Financial helped us compare private second mortgage options quickly.”
“The team focused on monthly cash flow, fees, and exit strategy instead of just telling us what we could borrow.”
Common Reasons Ontario Homeowners Use a Second Mortgage
Whether you need to consolidate debt, fund renovations, or handle unexpected expenses, a second mortgage can provide the financial flexibility you need.
Reviewed by
Marcel Greaux
Licensed Mortgage Broker
Debt Consolidation
Combine high-interest debts into one manageable payment with lower rates.
Home Renovations
Fund improvements that increase your property value and comfort.
Tax Arrears
Resolve outstanding tax obligations and avoid further penalties.
Business / Cash Flow
Access capital for business opportunities or working capital needs.
Mortgage Payment Relief
Get breathing room if you've fallen behind on mortgage payments.
Large Unexpected Expenses
Handle emergencies, medical bills, or other urgent financial needs.
Estimate Your Second Mortgage Payment
Estimated Monthly Payment
$489.70
Estimated Biweekly Payment
$226.01
This calculator provides estimates only. Actual rates and payments may vary based on your specific situation. APR from 12.96% (example APR, includes lender, broker, legal, and appraisal fees). Rate and APR subject to lender approval, underwriting, credit profile, property type, loan-to-value, and term.
See what you qualify for
A second mortgage review without a credit check to start.
Share a few details about your home equity and mortgage balance. Open Financial will review the file and explain realistic next steps.
Check Your Second Mortgage Options
Takes about 1 minute
Why Choose Open Financial
75+ lenders to choose from
We compare suitable private and institutional lender options for your equity, timeline, and property type.
Empathy first
We speak with every client to understand the real mortgage need before recommending next steps.
Fast lender matching
AI-assisted search helps identify suitable lenders tailored to your mortgage needs.
Fair, transparent pricing
Fees and tradeoffs are explained clearly so you can compare options before deciding.
Trusted by Ontario homeowners since 2010
Frequently Asked Questions
Get Your Free Quote
One last step to review your options