We specialize in providing First and Second Mortgages for people in the GTA
First Mortgages for people in the GTA
A First Mortgage is the first debt registered against a property that is secured by a first “charge” on the property. If a default on the mortgage occurs, the first lender has first right on the property to recover the outstanding principal and interest costs, and any other costs incurred during the process.
Second Mortgages for people in the GTA
A second mortgage is a debt registered after a first mortgage has been registered. In most cases, the interest charged on the second is higher than the first, reflecting the higher risk to the lender, but over a short term, still more cost effective than paying the high cost of the CMHC/GE Capital Insurance premium.
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Ready to learn more? Contact our qualified mortgage team and we'll be happy to find a mortgage program to fit your unique financial position.
License # 10533