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.
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