Applying for a conventional or second mortgage Ontario can often be challenging and stressful. Tembo Financial is here to help, offering 1st, 2nd and even 3rd mortgages! Qualifying for your mortgage is quick and stress free! We concentrate on customer service as our main priority, and this is proven through our prompt response time.

Why Apply for a Second Mortgage Ontario?

A second mortgage refers to an additional loan taken out on a property that is already mortgaged. Second mortgages can be a great way for homeowners to consolidate debt, or to invest in something else. A second mortgage is often referred to as a home equity loan, because the primary home’s equity is used to attain a second mortgage. There are many reasons to take out a second, or third mortgage, including the following scenarios:

  • Consolidate and pay off debt
  • Unexpected large expenses
  • Home renovations

Benefits of Using Tembo Financial for Your Mortgage

If you need a conventional, second or third mortgage in Toronto, Ontario, Tembo Financial can help. We are a non-traditional, innovative and common-sense lender, offering:

  • Same day commitments
  • Flexible terms available
  • Funding in 48 hours*
  • No income/employment verification in most cases
  • 75% LTV on residential property and up to 80% LTV considered on a case by case basis
  • Up to 85% LTV on sold properties
  • No appraisals on low LTV’s, or Sold or Listed for sale properties*
  • Interest only payments
  • No prepayment penalty- option available
  • Prepay interest upfront from the advance
  • No GDS/TDS
  • Lender fees range from 2% and up
  • Power of Sale/Foreclosure buyouts
  • Mortgage arrears
  • Tax arrears
  • Bridge financing

Contact us for all your mortgage needs

Our expert team is here to help you get the services and solutions you require, whether it be a first, second or third mortgage, we offer our customers the best service and products to suit your needs. Let us take the stress out of applying for your mortgage. Contact us today!