Who this is for:

A second mortgage can be an excellent option for clients looking to access the equity they have built up in their home. By taking out a second mortgage, borrowers can secure additional funds for a variety of purposes, such as making a large purchase, renovating their home, investing in their property, or consolidating high-interest debt.

A second mortgage can provide borrowers with greater flexibility than other loan options. They can choose the loan term that works best for their financial situation, and they may be able to make interest-only payments for a period of time, which can help them manage their cash flow.