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Second Mortgages in Ontario

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up Last updated

June 09, 2025

Ontario has one of the biggest population in Canada and the growth of the population is continuing in a rapid rate. Many are starting a new stage in their careers or starting new families. As such, the housing market in red hot in Ontario, and many families are exploring their options for their investments. Some could be looking for a second mortgage in order to see if the value of their home may raise even more. The selection process for a suitable second mortgage can be strenuous as the process most likely require a lot of research and resources. There are more efficient ways when it comes to finding the right mortgage provider.

Simply by searching on the Smarter Loan’s website, you can find reputable mortgage provider operating in Ontario.

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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
$15K - $10M
INTEREST RATE
6% - 16%
TERMS
1 - 5 Years
AMOUNT
$20K - $100M
INTEREST RATE
Varies
TERMS
12 - 60 Months
AMOUNT
$20K - $10M
INTEREST RATE
Varies
TERMS
6 Months - 5 Years
AMOUNT
$10K - $10M
INTEREST RATE
Varies (Home Equity Loans)
TERMS
12 Months
AMOUNT
$50K - $100M
INTEREST RATE
From 4.09%
TERMS
6 Months - 10 Years
AMOUNT
$50K - $10M
INTEREST RATE
Varies
TERMS
1 - 10 Years

Ontario Datasheet

  • According to the most recent research, Ontario reports 3,602,000 registered homeowners.
  • As per the latest independent research, an average resident of Ontario makes $47,400 per month.
  • Ontario’s biggest hiring areas are management of companies and enterprises, real estate and rental and leasing, agriculture, forestry, fishing and hunting.
  • The educational interests of Ontario population lie mainly in agriculture, natural resources and conservation, business, management and public administration, architecture, engineering, and related technologies.
  • The most recent estimates put Ontario’s population at 13,448,000.
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 website is your one-stop source for locating the best Second Mortgage providers in Ontario for your specific financial requirements.

Review our directory of Second Mortgage companies to get access to current Second Mortgage rates in Ontario.

Second Mortgages are generally used for these reasons

  • borrow against your existing home’s value
  • pay for home renovations
  • cover bills and overdue payments
  • pay for emergency expenses
  • make a purchase for personal or business use
  • go on vacation or leisure expense

and many other.

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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