Second Mortgage Mississauga

If you’re looking for a second mortgage in Mississauga, I can help. I have a wide range of options available and will work with you to find the best solution for your needs.

I understand that every situation is different, and I’ll take the time to listen to your story and figure out the best way to help. Whether you’re consolidating debt, renovating your home, or taking care of unexpected expenses, I can find a second mortgage solution that works for you.

I offer competitive mortgage rates and flexible terms and am committed to providing outstanding customer service. Contact me today to learn more about second mortgages in Mississauga.

What is a Second Mortgage?

A second mortgage is often a short-term, interest-only loan that is collateralized by the property’s equity. A first mortgage is registered prior to the loan of this type. The second mortgage lender assumes a lot of risk since, in the event of a power of sale, the first mortgage lender must be paid out first before the second mortgage lender because the second mortgage has less authority than a first mortgage loan. Due to the increased risks, second mortgage interest rates are often fixed, tend to be higher than private mortgages in the first place, and are much more than those offered by banks. 

Not only do second mortgages come with higher interest rates, but also additional fees from the lender or broker, as well as legal services. Generally, all the various fees can be wrapped up into the loan amount so that the borrower does not need to pay for the fees upfront and be out of pocket.

Second mortgages are generally used to pay off debts with higher interest rates. The monthly payments on a second mortgage can be dramatically lower than the combined monthly debt payments for credit cards, lines of credit, and loans. Additionally, by paying off existing debts, you may improve your credit score.

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Benefits of a Second Mortgage

  • Save on interest costs when consolidating higher interest debts
  • Reduce your monthly payment amount so that you can increase your monthly retained cash flow
  • Use second mortgage money to add a rental unit to your property to create an additional income source

Qualifying for a Second Mortgage

The loan process to qualify for a second mortgage tends to be much simpler and quicker because, for private mortgages, the lenders primarily lend on the available equity, location, quality, and marketability of the house. There is much less importance on the borrower’s credit score, credit history, and income.

Why Choose Tajwar Rahman for your Second Mortgage?

There are many reasons to choose me to arrange for your second mortgage:

  • Competitive rates: I understand that interest rates are important, and work hard to get my clients the best possible rate on their second mortgage.
  • Flexible terms: I offer flexible terms so that you can choose a repayment schedule that works for you.
  • Outstanding customer service: My job isn’t done until you’re 100% satisfied with my service.

Contact me today to learn more about second mortgages in Mississauga. I’ll be happy to answer any of your questions and help you find the best solution for your needs.

Why Work With Me

Low Rates

I will negotiate for my clients to ensure they are getting the lowest rate in the market.

Fast Service

I pride myself on providing quick, easy & honest service. My clients always come first.

Bad Credit

I specialize in dealing with bad credit & bank declines. I turn a “NO” into a “YES!!”

Easy Application

*No credit checks without your permission. No complicated application! *Terms & conditions may apply.

Call Us Today at 647-526-7533 or 647-302-4376 for a Free No-Obligation Mortgage Consultation

What Our Clients Say


A. Patel
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Thank you Tajwar for your support. You are indeed a great agent. I recommend others to take advantage of your great service. All the Best and Thank you. Keep up amazing work.
D. Yonelinas
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Thank you Tajwar for helping us get our second home. Without your extreme knowledge, experience and professionalism, we wouldn’t be able to get a second mortgage. And plus with a bonus low interest rate that you get for us was a big help! Please continue to help others. Thank you so much! Your hard work is truly appreciated from the bottom of our heart
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Had amazing time working with Tajwar - very professional, reliable and I felt comfortable placing my difficult mortgage situation into his hands. He and his team took care of absolutely everything, leaving nothing to chance. Transaction went smooth - certainly will be recommending to my family and friends.

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× (647) 302-4376