Second Mortgage

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Need a Second Mortgage?

At Matrix Mortgage Global we understand that there are situations when you will need a second mortgage. Our Second Mortgage program allows you to take up to 95%* of the equity out of your home (*ONTARIO ONLY!) regardless if you are Self Employed, have poor credit or are previously Bankrupt.

Second Mortgage

Current Mortgage Second Mortgage
Home Worth $400,000 Home Worth $400,000
Current Interest Rate 3.0% Current Interest Rate 3.0%
Current 1st Mortgage Payment $1,050 Current 1st Mortgage Payment $1,050
$250,000 Mortgage Balance $250,000 Mortgage Balance
$50,000 Mortgage Requested 2nd Mortgage Payment $250
$25,000 Tax Arrears $500/month $25,000 Tax Arrears Paid
$25,000 Credit Cards $750/month $25,000 Credit Cards Paid
Total $2,750/month Total $1,300/month
You Save $1,450/month!!!

Our Second Mortgage Rates Start At: 4.99%

Here are some other reasons why you may want a 2nd Mortgage
  • Pay Out Consumer Proposals
  • Pay Off High Interest Debt Without Refinancing
  • Pay Off Property & Income Tax Arrears
  • Pay Off Judgements, Garnishments, and Liens

Client Success Stories

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    Scarborough Community Gets A Voice  Shawn Allen, Principal Broker of Matrix Mortgage Global is an active member of the Scarborough Business Community and sponsors the Scarborough Community Renewal Organization (SCRO). Last month SCRO held their first annual general meeting and officially swore in their committee members. The project initiatives are to move the Scarborough in a […]

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