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BurlingtonSecond Mortgage

Second Mortgage in Burlington

Second mortgages sit behind your existing first mortgage and let you tap equity in your Burlington home without breaking the first. When your current rate is great (and the break penalty would be painful), a second is often the right answer.

  • Keep your existing low first-mortgage rate intact
  • Approvals based primarily on equity, not just income
  • Open or closed terms available — 6 months to 5 years
  • Common rates 7–12% depending on file strength and position
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Most Burlington second-mortgage files we place close in 7–14 days. The lender pool ranges from prime banks (rare on seconds), to alternative B-lenders, to MICs and private investors. We match the file to the lender pool with the best pricing for your specific situation.

Burlington Second Mortgage FAQ

Common questions

Real answers for Burlington homeowners considering second mortgage.

Total of first + second typically can't exceed 80–85% of your home's appraised value, depending on lender and property type. For a Burlington home around $1.18M, that often means meaningful second-mortgage capacity behind a moderate first.

Get second mortgage in Burlington

Free consultation, no obligation. Most files have a clear answer within 24 hours.