Access the Equity in Your Home Without Breaking Your Mortgage
Access the Equity in Your Home Without Breaking Your Mortgage
A second mortgage allows Ontario homeowners to borrow against their home’s equity without changing their existing mortgage. It’s one of the most flexible ways to access large sums of money without disrupting your first mortgage or paying high penalties.
Flexible Use of Funds
Consolidate debt, cover renovations, or plan for education and emergencies.
Quick Access to Funds
Borrow against your home’s value without refinancing your first mortgage.
Options Beyond the Bank
Even if credit is a challenge, we connect you with alternative lenders who focus on equity.
How Does a Home Equity Loan Work in Ontario
Apply Online
Most home equity loans are approved in as little as 24 hours.
Get Approved
Complete our easy application and start unlocking your home equity in Ontario.
Receive Funds
Access your money quickly after your Ontario home equity loan is approved.
Home Equity Loan Ontario, Why Choose Burke Financial
Traditional banks often turn away homeowners with credit challenges, leaving them stuck with overwhelming bills. At Burke Financial, we believe your equity should work for you.
We specialize in helping Ontario homeowners consolidate debt fast, reduce stress, and regain financial control. With alternative lending solutions and quick approvals, you’ll have the support you need to move forward confidently.
Frequently Asked Questions
A second mortgage is an additional loan secured against your home, on top of your existing first mortgage. It allows Ontario homeowners to access home equity without breaking their first mortgage. learn more here.
Homeowners often use a second mortgage to: Consolidate high-interest debt, Fund major renovations, Cover education or medical expenses, Access cash for investments or emergencies.
In Ontario, lenders typically allow you to borrow up to 80% of your home’s appraised value, minus what you still owe on your first mortgage.
Not always. Many banks require strong credit, but Burke Financial works with alternative lenders who focus on your home’s equity. Even with credit challenges, you may still qualify.
Burke Financial can approve second mortgages in as little as 24 hours. This speed makes it a valuable option if you need funds quickly for urgent expenses. Essentially, if you’re paying high interest on multiple accounts, consolidation can help.
