Edmonton · Calgary · Vancouver — We Say Yes When Banks Say No
Second Mortgage in Edmonton
Access your home equity without refinancing your first mortgage. Even if your credit has taken a hit — consumer proposal, bankruptcy, self-employment — we have Edmonton lenders ready to say yes.
40+ Edmonton lendersNo credit check to startConsumer proposals welcomeSelf-employed programsKeep your first mortgage rate
Why Edmonton Homeowners Choose a Second Mortgage
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Keep Your First Mortgage Intact
A second mortgage sits behind your existing first — you don't have to break your current term or lose your rate to access equity.
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Debt Consolidation at Lower Rates
Roll credit cards, car loans, and high-interest debt into your mortgage. Home equity rates are significantly lower than consumer credit.
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Approval Even With Bad Credit
Your home equity matters more than your credit score. We work with lenders who approve based on equity, not just credit history.
Edmonton-Specific Second Mortgage Considerations
Edmonton's real estate market has unique dynamics that affect second mortgage sizing and approval. Average home values in the $350,000–$500,000 range mean many homeowners have $100,000–$250,000 in usable equity — even with an existing first mortgage.
Edmonton lenders offering second mortgages typically lend up to 80% of your home's appraised value minus the first mortgage balance. That means a $400,000 home with a $250,000 first mortgage could unlock $70,000 in equity as a second mortgage.
Common reasons Edmonton homeowners seek second mortgages include: covering divorce settlements, funding business startups, consolidating debt from job loss, or completing major renovations before selling. Our broker network includes private lenders who specialize in fast approvals for Edmonton homeowners.
Frequently Asked Questions
Most Edmonton lenders offer second mortgages from $25,000 up to $500,000, depending on your home's value and existing mortgage balance. Typically, you can borrow up to 80% of your home's value minus what's still owed on your first mortgage. A broker from Titus Financial can give you a specific estimate after a quick conversation.
No. A second mortgage is a separate loan registered behind your first mortgage. Your first mortgage rate, term, and lender remain completely unchanged. You only interact with the second mortgage lender for the second loan.
Yes — in many cases. Edmonton lenders look primarily at your home equity rather than your credit score. If you've been discharged from a consumer proposal or bankruptcy and have equity in your home, we have lenders who can approve second mortgages for you.
Most second mortgages through Titus Financial are approved within 24–72 hours of application. The full registration process typically takes 3–7 business days from application to funding. We prioritize speed because we know equity access is often time-sensitive.
Application is free. There's no obligation to proceed. If you move forward, typical costs include legal fees for registering the second mortgage ($800–$1,500 in Alberta) and potential appraisal fees depending on the lender. We'll give you a full cost breakdown before you commit to anything.
A second mortgage is a lump-sum loan with fixed monthly payments. A HELOC is a revolving credit line you draw from as needed. Second mortgages are simpler and often easier to get approved for with less-than-perfect credit. HELOCs require more stringent qualification and are harder to get when credit is an issue.
Ready to access your Edmonton home equity?
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