Are first and second mortgage rates the same?

Are first and second mortgage rates the same?


I was interested in getting more information about applying for a second mortgage.


Are the rates higher than that of a first mortgage? 


By Canadalend
Hi there and thank you for reaching out to the Canadalend team.

Yes, the rates for a second mortgage are generally higher than a first depending on what type of lender approves you but at we will find the best rate suited for you.

Feel free to also contact our mortgage specialists via phone:
Ready to Apply for a Second Mortgage?

Fill out an application online, or call and one of our agents will be able to assist you. 

Level 6 (XP: 2400)
6 years ago
Need more information about the second mortgage options available to you through Canadalend?

Contact a member of our team directly for more details!


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