A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second mortgage might offer.

Canadian housing market update from Dominion Lending’s Chief Economist, Dr. Sherry Cooper.

A construction mortgage, also known as a self-build mortgage, is a type of mortgage used to finance the construction of a new home or renovation of an existing home.

Fixed-rate and variable-rate mortgages are two different types of home loans. The primary difference between them is how the interest rate is determined and whether the rate stays the same or changes over time.

A commercial mortgage is a loan that is secured by a commercial property, such as an office building, retail center, or industrial facility. The loan is typically used to finance the purchase or refinancing of the property, as well as to fund improvements or renovations.

Private mortgage lending, also known as private lending, is a type of real estate financing that involves borrowing money from an individual or group of individuals rather than a traditional lender such as a bank or credit union