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Second and Third Mortgage

Whether You Need $20,000, $500,000, or $5,000,000 Clover Mortgage is Your Best Alternative to a Bank!

Second Mortgage

It’s important to understand what a second and third mortgage actually is. A second mortgage is another mortgage that a homeowner can get in addition to their first mortgage. Second mortgages are usually smaller in size than the first mortgage and is given to the homeowner by a second mortgage company or a private lender. A second or third mortgage is a quicker and easier way for someone to get extra cash when they need it using the equity they have in their home.

A second or even third mortgage can be used to help pay down and consolidate higher interest debt in order to help you get out of debt faster, purchase a new home or property, home improvements and renovations, funding your child’s education, help a family member of friend, paying for business expenses or funding your own business, paying divorce or alimony costs, and more.

The experienced Mortgage Agents at Clover Mortgage specialize in helping our clients get approved for second and third mortgages even when the banks refuse to help. Having access to over 40 different lenders, Clover Mortgage will help you get the right second mortgage at the lowest interest rate and best term available to you. Whether you own one home or multiple properties, we can help you get approved and get the money you need quickly and hassle-free.

To borrow money through a second mortgage you need to have enough equity available in your home. Calculating home much equity you have available is easy. You simply take the value of your home and subtract any money that you still owe to your mortgage. The amount of available equity increases as you make your monthly mortgage payments and will increase even more if the value of your property goes up.

If you already have a second mortgage and require additional money, we can help you look at your options. One option might be to refinance the second mortgage at a higher amount, or to take out a third mortgage. The specialists at Clover Mortgage can help you analyse your current financial situation and determine what option would be best for you given your specific situation.

We help homeowners get approved everyday, even when the bank says “No”

At Clover, we understand that sometimes you might need extra money for various personal or business needs. These days it can be very difficult to get that money when you need it and the banks will often times put borrowers through a very long and time-consuming process only to deny them at the very end of the process. Luckily Clover Mortgage is here to help you get approved for a second mortgage or even third mortgage quickly and easily. Here are just a few of the more popular reasons that homeowners turn to Clover to get the extra cash they need:

  • Debt consolidation
  • Education loans
  • Home renovations
  • Pay back taxes
  • Business expenses
  • Divorce and alimony costs
  • Child support
  • Car purchases
  • Buying an additional home of property

Why Work With Us

Low Rates

*Rates start as low as 6.99%

*Rate are subject to change. Terms and conditions may apply.

Fast Service

We pride ourselves on quick, easy & honest service. Our clients always come first.

Bad Credit

We specialize in dealing with bad credit & bank declines. We turn a “no” into a “YES!”

Easy Application

*No credit checks. No complicated application.

*Terms & conditions may apply.

Call or text us today at 416-674-6222 or toll free at 1-800-673-2230 for a Free No-Obligation Second Mortgage consultation.

Our Customers Love Us

Sandra F.

I was in debt and needed help getting back on track. My mortgage agent at Clover Mortgage helped me get approved for a home equity loan to consolidate all of my debt in one small monthly payment. Now I’m saving over $1,000 a month in interest and am left with less debt and more money in my pocket at the end of each month. Thank you Clover!

David J.

I’m a self employed independent contractor. I earn a decent income, but when I went to the bank to refinance my home, they denied my application telling me that I didn’t have enough “provable” income to qualify for refinancing my home. When I came to Clover I was almost out of hope. My Mortgage Agent at Clover was caring and professional, and help me get a great rate and flexible terms on full refinance. The whole process took less than 48 hours! I was impressed at how quickly and easily they were able to get me the money and home refinance I needed. Thank you Clover Mortgage, I’m recommending you to everyone I know!!

Andrea R.

I had really bad credit, but really wanted to purchase a Condo. When I went to the bank they made me go through a lengthy application process that took weeks, and then they turned me down at the end of it all. When I found Clover Mortgage online, I called them and a friendly Mortgage Agent was able to help me get approved for a mortgage quickly and hassle-free. I got a good rate and now live in a home that I am comfortable in and am able to easily afford my monthly payments.

Ankur R.

I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my husband and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.

Janet L.

My husband and I found ourselves in a tough situation. Luckily my expert mortgage broker at Clover Mortgage helped us get a fast and easy approval for an amazing rate for refinancing our home. Clover’s service is the best I’ve ever experienced and I’ve been recommending them to all of my family members and friends ever since. Thanks for your help Clover!

Raj I.

I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my wife and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.