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Improve the home you already own

Home Renovation Second Mortgages

Access equity for renovation work, repairs, or upgrades while keeping the existing first mortgage in place.

See How Much You Can Borrow

Takes 1min • No obligation, No credit check, connect with a Mortgage Broker

View all use cases

Use cases

When homeowners review this option

Finishing a basement, adding an income suite, or updating a kitchen

Handling urgent roof, furnace, foundation, or accessibility repairs

Funding improvements before a planned sale or refinance

Completing staged projects when contractor deposits are due

Family spending time at home after renovations
Renovation financing can be reviewed around scope, timing, and expected property value.

What to have ready

These details help Open Financial review the file faster and explain realistic next steps.

Renovation estimate, contractor quote, or project budget

Photos or notes showing the work being planned

Current property value estimate and mortgage balance

Timeline for draws, deposits, and completion

Representative testimonials

Homeowner perspectives

“We wanted to finish the basement without disturbing our first mortgage. The review helped us understand what was realistic.”
Representative Hamilton homeowner
“The team focused on the project numbers instead of making the process feel complicated.”
Representative Vaughan homeowner

Open Financial

Review your second mortgage options with an Ontario-focused team.

See How Much You Can Borrow

Takes 1min • No obligation, No credit check, connect with a Mortgage Broker