$300k$1.5M$3M
The smartest move in Canadian real estate finance. Approved on equity alone — no credit score, no income docs, no stress test. Up to 80% combined LTV, funded in 5-10 days. Self-employed, post-bankruptcy, in a consumer proposal — everyone qualifies if there's equity in the house.
HELOCs are cheaper IF you qualify. Most Canadians don't. Here's exactly where 2nd mortgages step in — with the math to prove it.
Drag the sliders. See exactly how much a private 2nd mortgage gives you — and the monthly cost.
Breaking that contract to refinance costs tens of thousands in IRD penalty + a higher rate on the new balance. Layer a 2nd mortgage instead — keep the cheap money, add what you need.
Alpine Credits approves on equity alone — the only thing that matters is your home. Bad credit, self-employed, retired, on disability, recently bankrupt — every Canadian homeowner qualifies if there's equity. 24-hour pre-approval, funds in your account within a week.
Soft credit check at pre-qualification — no score impact. APR 9.99-18.99% based on equity profile. 1-3% lender fee + appraisal + legal. Available in BC, AB, ON. Other provinces via partner network.
Real situations, real math, real Canadians.
Locked at 2.49% in 2021? Breaking the contract to refinance costs $10k-30k in IRD penalty + a higher rate on the new balance. A 2nd mortgage layers on top while leaving your first untouched.
Banks want 2 years of stable T4 income. Self-employed Canadians get bounced. Private 2nd lenders approve on equity alone — your tax returns don't even leave your file.
Banks need 2 years post-discharge before they'll talk. Private 2nd mortgage lenders work with R7/R9 borrowers immediately if you have meaningful equity. Use the cash to clear the proposal early and start rebuilding sooner.
HELOC capped at 65% LTV. Need to go higher? A 2nd mortgage takes you to 80% combined LTV. On a $900k home with a $450k first, that's $270k available — vs $135k via HELOC.
Mortgage refinances take 30-45 days. HELOC setup takes 14-21. A 2nd mortgage from Alpine, Tribecca, or Fisgard funds in 5-10 days. When the IRS calls or the medical bill arrives, that timeline matters.
Borrow against your principal residence to fund a rental down payment. CRA lets you deduct the interest because the funds went to an income-producing investment — the Smith Maneuver works with 2nd mortgages too.
All approve on equity. None require credit score or income verification.