Helen MacDougall, BBA (Senior Mortgage Advisor)

Whether you are buying a new home, renovating and transforming your old one, or simply consolidating some debts, finding the best possible financing is an important part of your personal financial strategy.... read more

Marlene Gallant (Senior Mortgage Broker)

At The Mortgage Centre, Helen and Marlene’s philosophy is simple; to be the best we can be in servicing your needs. We believe that our customers come first; it is not just a cliché but a commitment we make to all our past and future customers. read more

Tools

Use these free mortgage calculators to help determine your monthly mortgage payments, interest rates, pay-off dates and amortization schedule - or to help you learn more about your existing mortgage. read more

Resources

The more you know, the better your decisions and the more satisfied you'll be with your home loan and with our services. So we put numerous tools and resources at your fingertips.... read more

2nd Mortgages

What is an additional mortgage and is it right for me?

As the equity in your home builds, so does the opportunity for you to leverage that equity by taking out a second or third mortgage on your property.

Second or third mortgages can be used to consolidate outstanding debt from other sources, renovate your home, pay for your child's education, or any number of choices. In most cases, the rate of interest on an additional mortgage can be lower than borrowing on a credit card, potentially saving you a lot of money in the long run. What's more, a second or third mortgage may provide you with more time to repay the loan, giving you added flexibility.