Second Mortgage Program
Provides borrowers with a Second Mortgage to be registered against their property up to 95% combined LTV on a purchase.

More Manageable Mortgage Payments for Your Customers
This program allows some financial flexibility for customers who could benefit from a second mortgage, allowing them to do so for new or existing properties.
Premium Rate:
LTV Ratio | Premium Rate | Top-Up Premium |
---|---|---|
Up to 65% | 0.60% | 0.60% |
65.01% - 75% | 1.70% | 5.90% |
75.01% - 80% | 2.40% | 6.05% |
80.01% - 85% | 2.80% | 6.20% |
85.01% - 90% | 3.10% | 6.25% |
90.01% - 95% | 4.00% | 6.30% |
Eligible Products
- Business For Self (Alt. A) Program
- Homebuyer 95 Program
- Purchase Plus Improvements Program
- Vacation / Secondary Homes Program (Type A Properties)
Eligibility
- Can be registered against property up to 95% combined Loan-to-Value on a purchase
- Available for both existing and new construction homes
