Second Mortgage

Sometime a second mortgage is a good option. A second mortgage enables you to have that extra cash that you may need and does not interfere with your first mortgage. It is usually taken for a shorter period of time giving you the option to pay it off quicker, should you choose.

Another option might be an interest only equity line Visa OR a home equity line of credit (HELOC).

Talk to your mortgage broker at Western Canada Mortgage to determine which option is best for you.