A homeowner with a tax balance gathers the information a lender may request for a secured-financing review.
Illustrative scenario — not an actual client testimonial
Back to home
Deal with urgent balances
Tax Arrears Second Mortgages
Review secured financing options for CRA balances, property tax arrears, or other tax obligations that need a clear repayment plan.
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View all use casesTakes 1min • No obligation, No credit check, connect with a Mortgage Broker
Use cases
When homeowners review this option
Paying CRA income tax, HST, or payroll balances
Catching up on municipal property tax arrears
Reducing pressure from collections, penalties, or deadlines
Creating a structured plan before refinancing or selling
What to have ready
These details help Open Financial review the file faster and explain realistic next steps.
CRA or municipal statements showing the outstanding amount
Any payment arrangement notices or collection letters
Mortgage statement and property tax bill
Income and business documents that explain the arrears
Illustrative scenarios
Examples of how a review may help
A homeowner reviews possible next steps before arrears, penalties, or deadlines become more urgent.
Illustrative scenario — not an actual client testimonial
Related equity uses
Compare other reasons homeowners request a second mortgage review.
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Business / Cash Flow
Access capital for business opportunities or working capital needs.
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Mortgage Payment Relief
Get breathing room if you've fallen behind on mortgage payments.
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Debt Consolidation
Review whether one secured payment could replace several higher-cost debts.
Review this use caseOpen 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