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Second Mortgages in BC

British Columbia is one of the more populated provinces in Canada and the housing market in the province are quite high right now in comparison to other provinces. Many families are put in a tough position when it comes to their properties. Some may decide to move forward with a second mortgage so that they can get a better price at a later time. Selecting a favorable rate is crucial to anyone seeking a second mortgage with a reliable mortgage provider. There are a wealth of options in the province and the search can be extensive and time consuming. There is no guarantee that the best options will be found during the search.

Smarter Loans has the resources and attention to detail to find reputable mortgage providers and their second mortgage rates for you to choose from. With Smarter Loans, we can present a list of providers based in British Columbia for you to browse from.

Screening each provider and their second mortgage rate can be a speedy process as an overview of each provider is listed on the webpage. It makes the selection swift and leave you more time on exploring your own ventures. Smarter Loans is the online tool you need to simplify your selection process for your second mortgage.

Click on “Apply Now” next to the name of the desired provider to begin the approval process. Complete the questionnaire by filling out a few questions listed. This will ensure that you may qualify or another option is to pre-apply with Smarter Loans. By pre-applying, we can select a provider with a second mortgage rate that we feel suits you best.

Company
Amount
Interest Rate
Reviews
Terms
$50,000 and Above
As low as 4.09%
6 - 60 Months
$10,000 and up
Varies (Home Equity Loans)
12 Months
$20,000 - Unlimited
Varies
12 to 60 months
$20,000 - $2,000,0000 (Reverse Mortgage)
4-5% (Ages 55+ only)
Lifetime (Must be 55+ to qualify)
$50,000 and up
Rates starting at 5.44%
5 years
$50,000 and Up
Varies
1 - 10 years
Company
Amount
Interest Rate
Reviews
Terms
$500 - $35,000
9.99% - 35%
9 - 84 Months
Up to $20,000
29.78% - 34.95%
36 months
$1,000 - $5,000
19.9% - 45.9%
12 - 36 months
$500 - $1,000
Varies
3 - 6 months
$20-$350
0%
N/A
$1,000 – $15,000
19.9% - 34.9%
Line of Credit
$150-$1000
30.4% APR
30 Days
$500 - $15,000
29.99% - 47.72%
12 - 60 Months
$100 - $1,500
Varies
2 months
$300 - $20,000
Varies
12 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$5,000 - $500k
Varies
6 -12 months
$5,000-$300,000
Starting at 7.99%
Fixed, 4-18 months
$10,000-$1.5M
Starting at 7.99%
3-24 months
$5,000 - $500,000
Varies
4 - 12 months
$15,000 - $1 Million
Starting at 8%
3 - 24 Months
$5000 - $800,000
Starting at 7.99%
6 - 24 Months
$5,000 - $500,000
Starting at 7.99%
6 - 24 Months
$5,000 - $2,000,000
Starting at 7.99%
2-36 months
$5,000 - $50M
Starting at 7%
5 - 96 months
$5,000 - $500,000
Starting at 9.99%
2 Months - 2 years
$500 to $300,000
Starting at 8.39%
2, 3, 4, 6, 9, 12, 18 or 24 month terms
$5,000 - $300,000
Starting at 7.99%
3 - 12 months
$3,000 - $5,000,000
Starting at 13.99%
1 month to 60 months
$10,000 - $20M
Starting at 7.99%
3 to 120 Months
$250 - $1,000,000
Starting at 10%
3 months - 60 months
Company
Amount
Interest Rate
Reviews
Terms
Up to $20,000
29.78% - 34.95%
36 months
$500 - $1,000
Varies
3 - 6 months
$20-$350
0%
N/A
$100 - $1,500
Varies
2 months
$150-$1000
30.4% APR
30 Days
$100 - $1,500
Varies
2 months
$300 - $20,000
Varies
12 - 60 Months
$100 - $1,500
Varies
Up to 2 months
$500 - $1,000
29.99% - 46.96%
84 - 120 days
Company
Amount
Interest Rate
Reviews
Terms
$7,500 - $55,000
2.95% - 29.95%
12 - 96 months
$10,000 - $75,000
Varies
12 - 96 months
$7,500 to $50,000 (Refinance your existing auto loan)
8.99% to 19.99% (lower your auto loan interest rate)
Up to 84 months
Company
Amount
Interest Rate
Reviews
Terms
$3,000 - $75,000
9.9% - 29.9%
12 months to 180 months
$5,000+
Varies
12 - 120 Months
$5,000-$300,000
Starting at 7.99%
Fixed, 4-18 months
$10,000-$1.5M
Starting at 7.99%
3-24 months
$5,000 - $500,000
Varies
4 - 12 months
$15,000 - $1 Million
Starting at 8%
3 - 24 Months
$5,000 - $500,000
Starting at 7.99%
6 - 24 Months
$5,000 - $50M
Starting at 7%
5 - 96 months
$2,500 - Unlimited
Starting at 3.9% - 34.9%
3 - 240 Months
$2500 to $5 million
Varies
18 - 84 months
Company
Amount
Interest Rate
Reviews
Terms
$5,000+
Varies
12 - 120 Months
$10,000-$1.5M
Starting at 7.99%
3-24 months
$5,000 - $500,000
Varies
4 - 12 months
$15,000 - $1 Million
Starting at 8%
3 - 24 Months
$5,000 - $500,000
Starting at 7.99%
6 - 24 Months
$5,000 - $50M
Starting at 7%
5 - 96 months
$2,500 - Unlimited
Starting at 3.9% - 34.9%
3 - 240 Months
$2500 to $5 million
Varies
18 - 84 months
Company
Amount
Interest Rate
Reviews
Terms
$5,000+
Varies
12 - 120 Months
$5,000 - $500,000
Varies
4 - 12 months
$5,000 - $50M
Starting at 7%
5 - 96 months
$2,500 - Unlimited
Starting at 3.9% - 34.9%
3 - 240 Months
$2500 to $5 million
Varies
18 - 84 months
Company
Amount
Interest Rate
Reviews
Terms
$5,000+
Varies
12 - 120 Months
$5,000-$300,000
Starting at 7.99%
Fixed, 4-18 months
$10,000-$1.5M
Starting at 7.99%
3-24 months
$5,000 - $500,000
Varies
4 - 12 months
$15,000 - $1 Million
Starting at 8%
3 - 24 Months
$5,000 - $500,000
Starting at 7.99%
6 - 24 Months
$5,000 - $50M
Starting at 7%
5 - 96 months
$2,500 - Unlimited
Starting at 3.9% - 34.9%
3 - 240 Months
$2500 to $5 million
Varies
18 - 84 months
Company
Amount
Interest Rate
Reviews
Terms
$3,000 - $75,000
9.9% - 29.9%
12 months to 180 months
$5,000 - $50M
Starting at 7%
5 - 96 months
$2,500 - Unlimited
Starting at 3.9% - 34.9%
3 - 240 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 and Above
As low as 4.09%
6 - 60 Months
$10,000 and up
Varies (Home Equity Loans)
12 Months
$20,000 - Unlimited
Varies
12 to 60 months
$50,000 and up
Rates starting at 5.44%
5 years
$50,000 and Up
Varies
1 - 10 years
Company
Amount
Interest Rate
Reviews
Terms
$500 - $35,000
9.99% - 35%
9 - 84 Months
Up to $20,000
29.78% - 34.95%
36 months
$1,000 - $5,000
19.9% - 45.9%
12 - 36 months
$500 - $1,000
Varies
3 - 6 months
$1,000 – $15,000
19.9% - 34.9%
Line of Credit
$500 - $15,000
29.99% - 47.72%
12 - 60 Months
$300 - $20,000
Varies
12 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$3,000 - $75,000
9.9% - 29.9%
12 months to 180 months
$5,000+
Varies
12 - 120 Months
$2,500 - Unlimited
Starting at 3.9% - 34.9%
3 - 240 Months

British Columbia Datasheet

  • Average Household Income is $70,000.
  • British Columbia’s employment rate: 60%.
  • The educational interests of British Columbia population lie first of all in social and behavioural sciences and law, humanities, personal, protective and transportation services.
  • The population of British Columbia is 4,648,000 people.
  • British Columbia’s top hiring sectors are administrative and support, waste management and remediation services, other services (except public administration), utilities.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our online portal helps you find the right Second Mortgage lenders in British Columbia for all your financing needs.

Explore our directory of Second Mortgage companies to discover current Second Mortgage rates in British Columbia.

Second Mortgages are often used for the following goals

  • borrow against your existing home’s value
  • pay for home renovations
  • go on vacation or leisure expense
  • pay for a wedding or big event
  • pay for emergency expenses
  • cover bills and overdue payments

just to name a few.


What our users think...

4.5
Based on 138 reviews
powered by Google
Nate CampeauNate Campeau
5 months ago
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Bles4lif Pro-DreBles4lif Pro-Dre
5 months ago
Vincent JohnsonVincent Johnson
5 months ago
Good place for borrowing a bit of money 😁
Kels HillKels Hill
5 months ago
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara HartTara Hart
5 months ago
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A ScottA Scott
5 months ago
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”
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