Mortgage Brokers More About Second Mortgage | Page 12

GETTING A SECOND
MORTGAGE IN ONTARIO
• Social insurance number
• All paperwork related to the first mortgage
• Bank statements
• A Suitable Exit Strategy on Second Mortgage
• As a property owner, you must have an intention to pay down the mortgage related
payments as soon as possible on your second mortgage. Any delays in payments will
have a negative effect on your mortgage payment structure. Before making, any
commitments related to the mortgage financing for the second time plan an exit
strategy to protect your assets.