ClickCease
CreditReboot Mortgages(formerly CreditReboot Mortgages) BBB Business Review

Call Us: 1-866-329-8801

Online Application

Follow us:

Follow us:

Second Mortgages · Ontario · Alberta · Saskatchewan

Access your home equity —
without touching your first mortgage.

A second mortgage turns the equity you already have into a lump sum for debt consolidation, renovations, tax arrears, or stopping a power of sale — while you keep your existing first-mortgage rate.

✅ Bad Credit OK
⚡ Funds in Days
🏠 Up to 80% LTV
★★★★★5.0· Google Reviews

🏠 How Much Can You Unlock?

Estimated home value$700,000
$200K$2M+
Mortgage balance$300,000
$0$1.5M
You may qualify for up to$260,000

Estimates only. Actual amount depends on equity, property appraisal and lender.

💲
50+
Lenders Shopped
🕐
24–48 hrs
Typical Approval Time
🏅
10+ Years
of Experience
📍
ON · AB · SK
Licensed & Serving
🔒
100% Digital
Secure & Confidential
Key Takeaways
  • ✓A second mortgage lets you borrow against home equity while keeping your existing first mortgage and rate.
  • ✓It's available with bad credit through B-lenders and private lenders — equity is what matters most.
  • ✓Common uses: debt consolidation, renovations, CRA/tax arrears, and stopping power of sale or foreclosure.
  • ✓Funds can be arranged in days, not the weeks a bank refinance takes — with no penalty to break your first mortgage.
Eligibility

Keep your low first-mortgage rate.
Borrow against your equity.

Breaking your first mortgage to refinance can trigger a costly penalty. A second mortgage sits behind it — leaving your rate untouched — and is approved on your equity, not a perfect credit score.

  • 🏠
    Sufficient equity after your first mortgageCombined borrowing up to ~80% of home value
  • 💳
    Bruised credit, collections, or proposals OKPrivate lenders focus on equity, not your score
  • 📋
    Self-employed & stated income welcomeNo two-year T4 requirement
  • ⚠️
    Urgent situations — arrears or power of saleFast funding to bring your mortgage current
Apply in 60 Seconds
Access Your Equity.
Funded in Days.
Step 1 of 119%
GET STARTED
Do you own the home you're applying against?
Ownership is the primary eligibility requirement. Principal residence or investment property.
Yes
No
YOUR PROPERTY
What is your home's estimated current value?
Use your best estimate based on recent neighbourhood sales. We verify with an appraisal later.
$750,000
Estimated Home Value
$200K$2M+
YOUR MORTGAGE
What is your remaining mortgage balance?
Check your most recent mortgage statement. If you have no mortgage, set to $0.
$450,000
Outstanding Mortgage Balance
$0$1.5M
EXISTING DEBT
Do you have a HELOC or second mortgage on this property?
An existing HELOC or 2nd mortgage reduces available equity. Select No if you only have a primary mortgage.
✅ Yes, I have one
🚫 No, I don't
$50,000
HELOC / 2nd Mortgage Balance
$0$500K
LOAN AMOUNT
How much would you like to borrow?
Your target loan amount. Final approval depends on your equity and property appraisal.
$50,000
Requested Loan Amount
$10K$500K+
YOUR GOAL
What is your primary reason for this loan?
Select the option that best describes your main goal. Helps us match you with the right lender.
📉 Consolidate Debt
🏗️ Home Renovation
🏛️ Pay Off CRA
⚠️ Stop Power of Sale
🤝 Buy Out Partner
🌟 Other
YOUR LOCATION
What city is the property located in?
Property location affects lender availability and processing time.
Please enter a city name.
ABOUT YOU
What's your name?
Your broker will use this to personalize your assessment.
Please enter your name.
CONTACT INFO
What's your email address?
We'll send your free eligibility summary here. We never share your info.
Please enter a valid email.
CONTACT INFO
What's the best number to reach you?
Your licensed broker will call within one business day. No pressure, no obligation.
Please enter your phone number.
PROPERTY ADDRESS
What is the property address?
Lets us verify ownership and prepare an accurate equity summary for your broker call.
Please enter the property address.
CreditReboot
RECEIVED
Thank you for choosing CreditReboot Mortgages.
You will receive a text & email shortly to schedule a time to discuss your options.
YOU MAY QUALIFY FOR UP TO
$0
Based on 80% LTV — subject to application, property & lender approval.
No Upfront Fees · No Credit Check Without Consent
Canada's Trusted Digital Mortgage Broker
Why Get a Second Mortgage

One lump sum.
Endless possibilities.

A second mortgage gives you a fixed lump sum secured behind your first mortgage. Here's how Canadian homeowners are using theirs.

📉

Debt Consolidation

Combine high-interest cards and loans into one payment at a fraction of the rate.

Avg. saved: $1,200/mo
🏗️

Renovations

Fund a kitchen, basement or addition that raises your home's value.

$50K–$180K
🏛️

Tax / CRA Arrears

Clear CRA or property-tax debt before enforcement action begins.

Equity-based
⚠️

Stop Power of Sale

Bring your first mortgage current and halt foreclosure proceedings.

Funds in days
🤝

Buy Out a Partner

Access equity to settle a separation or buy out a co-owner.

$50K–$400K
Compare Your Options

HELOC vs Home Equity Loan vs Private Second

A "second mortgage" can take a few forms. Here's how the main options compare so you can self-qualify before you apply.

Feature2nd Mortgage from CreditReboot
✓ Recommended		Bank HELOCMortgage RefinancePersonal Loan
PayoutLump sumRevolvingLump sumLump sum
Bad Credit OK✓ Yes✗ 680+✗ 680+⚬ Limited
Breaks 1st Mortgage✓ No — keeps your rate✓ No✗ IRD penalty✓ N/A
Approval Time2–7 days2–6 weeks4–8 weeks1–5 days
Max Combined LTVUp to 80%Up to 65%Up to 80%N/A
Best ForFast / bad creditOngoing accessLarge, low-rate needSmall amounts
Show Me The Math

How much can a second mortgage release?

Slide the numbers to see the equity you could tap while keeping your first mortgage.

Estimate Your Equity
Home value$700,000
$200K$2M+
Mortgage balance$300,000
$0$1.5M
You may qualify for up to$260,000

A second mortgage lets you borrow against your equity while keeping the low rate on your first mortgage untouched — enough to clear high-interest debt, settle tax arrears, or fund a renovation. A private second can fund in days.

Illustrative only. Actual amount depends on appraisal, existing debt and lender.

Check My Numbers →
Our Process

The Digital CreditReboot Process

No branch visits. No waiting in line. No unnecessary paperwork. Just a simple digital process from start to funded.

1

Pre-Approval

Fill out the form, speak to a licensed CreditReboot broker, and get your personalized quote — usually within 24 hours. No credit check at this stage.

2

Application & Approval

We shop your deal across 50+ private and alternative lenders and present you with your best approval to choose from.

3

Funding

Sign the broker documents, complete the legal paperwork with a lawyer or notary, and receive your funds — typically within 3–5 business days.

FROM DEBT-STRESS TO STABILITY
1
Right Now
$4,479/mo
Juggling Multiple Payments
High-interest cards, a loan or two, and a mortgage. Every month is a stretch and nothing gets paid down.
2
Month 1
$2,698/mo
Second Mortgage Consolidation
One lump sum clears the debts. A single lower payment frees up over $1,700/month in cash flow.
3
12–24 Months
Refinance
Roll Into Your First Mortgage
With credit rebuilt, we fold the second into a single prime mortgage at renewal — done with the high-cost phase.
What Our Clients Say

Trusted by homeowners
across Canada

Real Google reviews from homeowners in Ontario and Alberta who worked with CreditReboot.

★★★★★

"They were able to help me with a second mortgage based on equity without any income requirements and lowered my monthly payment by helping me consolidate credit card debt. I highly recommend them."

H
Harman S.
Brampton, Ontario
★★★★★

"I was in a total bind looking to get financing against my property in Alberta. Parm gave me options even after letdowns from the banks, and worked tirelessly to find me a lender. By far the best I've worked with in a difficult situation."

M
Manno
Calgary, Alberta
★★★★★

"Our bank wasn't helping with refinancing. Parm gave us step-by-step insight on every detail, answered every question, and was always available. If you need help refinancing, look no further than CreditReboot."

V
Vikram
Brampton, Ontario

Find out what your equity can do

Free eligibility check. No impact on your credit score. Licensed brokers ready to call you today.

Apply in 60 Seconds →
FAQ

Common questions

Answers to the questions we hear most from homeowners in Ontario, Alberta, and Saskatchewan.

Can I get a second mortgage in Canada?
+
Yes. If you have equity in your home, you can take out a second mortgage that sits behind your existing first mortgage without touching your current rate or terms. It’s a popular way for Canadian homeowners to access cash for debt consolidation, renovations, or emergencies.
How does a second mortgage work in Canada?
+
A second mortgage is a separate loan secured against your home in addition to your first mortgage. Your original mortgage stays exactly as it is, and the second lender takes “second position” on title, which is why these loans are based mainly on your equity. You receive a lump sum and repay it on its own terms.
Can I get a second mortgage with bad credit?
+
Yes. Because second mortgages are secured by your home equity, alternative and private lenders will often approve them even with poor credit, past missed payments, or collections. Your equity — not your credit score — does most of the qualifying.
Can I keep my current mortgage and still get a second mortgage?
+
Yes, and that’s the whole point. A second mortgage leaves your existing first mortgage untouched, so you keep your current rate and avoid breaking your term or paying penalties. It simply adds a second loan on top — ideal when your current mortgage rate is better than today’s.
How much can I borrow with a second mortgage in Canada?
+
Most lenders allow your first and second mortgages combined to reach about 80% of your home’s value, though some private lenders go higher. For example, on an $800,000 home with a $400,000 first mortgage, you could potentially access up to roughly $240,000. Your exact limit depends on your equity, location, and lender.
Can I use a second mortgage to consolidate debt?
+
Yes — it’s one of the most common uses. A second mortgage can pay off high-interest credit cards, loans, and collections in one move, replacing several stressful payments with one lower monthly payment. Many CreditReboot clients free up hundreds of dollars a month this way.
Can a second mortgage help with mortgage arrears?
+
Yes. If you’ve fallen behind on your first mortgage, a second mortgage can provide the funds to bring it current and stop the collection or power-of-sale process. It buys you breathing room and time to stabilize, which is exactly the kind of situation we help homeowners solve.
Do I need an appraisal for a second mortgage in Canada?
+
Usually, yes. Since a second mortgage is based on your home’s equity, most lenders require an appraisal to confirm its current market value. It’s a straightforward step, and we’ll guide you through arranging it quickly.
Is a second mortgage better than refinancing?
+
It depends on your first mortgage. If your current rate is low or breaking your term triggers a big penalty, a second mortgage is often cheaper because it leaves the first mortgage alone. If your first mortgage is up for renewal or at a high rate, refinancing may win — we’ll run both options for you.
How quickly can I get funds from a second mortgage?
+
Second mortgages are often much faster than a bank refinance — many close within a few days to two weeks once your application and appraisal are in. When your situation is urgent, private lenders can move especially fast.
Still have questions?
Speak directly with a licensed CreditReboot mortgage broker. No commitment, no credit check, no pressure.
Cart (0 items)