New Second Mortgage With No Downayment

2nd Mortgage With No Payments

Alternative Home Loans & Mortgages
Funds Deposited Within 48 Hours
GET PREPAID 2ND MORTGAGE
Simple, ultimate financial certainty

Are You A Homeowner?

New Second Mortgage With $0 Monthly Payments
No Monthly Payments

You never have to worry about missing an extra monthly payment because there will be NO MONTHLY PAYMENTS to miss.

Second Mortgage Without Monthly Interest Payments
Pay $0 Out Of Your Pocket

Your closing fees will be deducted and prepaid from the proceeds allowing you to ELIMINATE THE EXTRA MONTHLY PAYMENTS.

No Penalty For New Second Mortgage
No Mortgage Penalty

Unlike a mortgage refinance, you NEVER HAVE TO WORRY ABOUT PAYING A PENALTY for a prepaid second mortgage, regardless of your credit.

Save More Every Month
Save More Every Month

Minimizing monthly payments to create financial certainty is the simplest, ultimate financial strategy to INCREASE YOUR MONTHLY SAVINGS AND BUILD WEALTH.

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New 2nd Mortgage With No Payments

GET PREPAID 2ND MORTGAGE

Borrow With Confidence

No Second Mortgage Payments

Assuming you'd like to borrow $200,000 for whatever reason ...
SmartLend can recommend a 1 year interest-only mortgage with a 10% interest rate.
Your interest rate of 10% will be deducted and prepaid from the proceeds allowing you to eliminate the extra monthly payments from the new mortgage loan.
As an example, if all closing costs including lawyer fees, lender fees, brokerage fee comes to $6,000
The total cost of borrowing $200,000 in this case, will be: $26,000.
Total Borrowing Cost:
Calculation Summary:
Interest Rate: 10% x $200,000 = $20,000
Closing Fees & Costs: $6,000
Total Borrowing Cost:
$20,000 + $6,000 = $26,000
Total Borrowing Cost: CAD $26,000
GET PREPAID 2ND MORTGAGE
monthly second mortgage With Zero dollar downpayment
Your monthly second mortgage
payments will be $0
2nd Mortgage amount you will recieve
The total amount you will recieve is
$174,000 [Prepaid Interest]

Your Monthly Payment
CAD $0

GET PREPAID 2ND MORTGAGE

Personalized Benefits

No Extra Monthly Payments

  • Keep More Money In Your Pocket At The End Of Every Month
  • All Credit Accepted
  • All Income Accepted
  • ODSP Income Accepted
  • Closing Costs Paid From Proceeds
  • Pay $0 Our Of Your Pocket
  • You Own Your Home - Not The Lender
  • No Mortgage Penalty
  • You Never Pay Extra
  • Better Mortgage Rates
  • Get Upto 80% Of Your Property Value
How To Get Started

You’ve built your success through years of hard work. With that comes the complexities of balancing family, your work and planning for the future. We can help.

GET PREPAID 2ND MORTGAGE
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Get Upto $350K

Funds Deposited Within 48 Hours

Get Approved Regardless Of Your Current Situation

Get Upto $350K
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Smartlend.ca Testimonial
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My family highly recommends SmartLend and the people who work there for their commitment and reselience. My husband & I were told its impossible to be funded by the banks and mortgage brokers until we leveraged Smartlend.

Monica Pollack | Toronto, Ontario - Recommends SmartLend.ca

$979 Million Funded

You don’t need to be a financial wizard to become financially certain.

SmartLend.ca will do the heavy lifting for you.

Frequently Asked Questions

Use your real property as a financial strategy

There is no minimum credit score to qualify for a mortgage because if your credit score is less than 630 (Fair) a B-Lender or an alternative lender may fund your mortgage with a slighlty higher interest rate.

If you have a good credit score which is 750 and greater you are very likely to be funded by a major bank with lower interest rates and fees.

Compare Interest Rates

  • When purchasing a property consider a larger downpayment
  • To refinance, you should have considerable amount of equity in your property
  • Stage your property for a full appraisal to get a higher valuation
  • You must be able to show a steady flow of income or revenue

Explore Your Options

Banks make sure you can afford to borrow funds before they lend to you. But sometimes, it's possible to buy more house than you can truly afford. Getting approved for the money to buy a home is one thing, but being able to truly afford it is another.

SmartLend.ca can help you get funded regardless of your current situation.

Explore Your Options

You can access upto 85% of your home equity and upto 95% under certain circumstances.

You don't need to have perfect credit to qualify for a mortgage.

Explore Your Options

100%, Yes!

We Help Real People Like You Become Financially Certain, Regardless Of Your Current Situation

Pre-Approve Your Mortgage