If you are living in Ottawa, Gloucester, Kanata, Nepean or the surrounding areas and you need access to cash quickly to pay off debts or other urgent matters, you would be happy to know that you can borrow funds against the equity in your home. I work with a large pool of Ottawa second mortgage and private lenders with flexible lending policies that can provide funding in a short span of time based on equity alone. Most of these programs and private mortgage lenders do not even consider your income, credit or past history. The amount of cash you can borrow is directly tied to how much equity you have in your home.

A second mortgage is short term equity loan generally one or two year term although it could be longer, provided by private lenders, individual or institutions based on the equity in your home without the need to modify the existing first loan; thus, it is called a second mortgage.