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Second Mortgages in Newfoundland

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up Last updated

June 09, 2025

Newfoundland and Labrador is a province on the verge of an economic shift. As oil and natural gases have been found beneath the Atlantic Ocean near the province, the development of excavating the oil that is beneath the ocean. That has caused an uproar in development and many are looking to expand their business and personal enterprises to ride the wave of growth. Some could look towards a second mortgage in order to keep up with the accelerated growth. Finding a mortgage provider with a fitting second mortgage can be tough, especially when there are so many different avenues to pursue.

There is an online application that can assist you when it comes to finding a mortgage provider and a fitting second mortgage. Smarter Loans allows you to browse a list of

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AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$50K - $10M
INTEREST RATE
From 4.09%
TERMS
6 - 60 Months
AMOUNT
$50K - $10M
INTEREST RATE
Varies
TERMS
1 - 10 Years

Newfoundland Statistics Bulletin

  • As per the most up-to-date stats, there are 168,000 listed home owners in Newfoundland.
  • Based on the most recent stats, an average Newfoundland resident makes $46,200 per month.
  • Newfoundland’s population: 520,000.
  • An average inhabitant of Newfoundland is leveraged by an estimated $23,900 in consumer debt.
  • Newfoundland’s average household income is $67,300.
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 financial platform is your one stop shop for finding competent Second Mortgage providers in Newfoundland for your borrowing needs.

Explore our list of Second Mortgage companies to compare current Second Mortgage rates in Newfoundland.

Second Mortgages are mostly utilized for these reasons

  • borrow against your existing home’s value
  • pay for home renovations
  • consolidate high-interest debt
  • pay for unexpected expenses
  • pay for a wedding or big event
  • make a purchase for personal or business use

to name but a few.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
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.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
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 H.
16:23 16 Oct 24
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 S.
19:43 11 Oct 24
“ 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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