I am looking for a private second up to 90% at a low rate and low fees. The amount is approximately $58,800.

I know a few people who do second mortgages. What do you consider to be a low rate & fee? Many second mortgages will charge a considerable amount because of the high risk involved with 90%

I work with 4 different mortgage specialists and the terms are just as important as the interest rate. I would be happy to send you a list of names if you email me at LisaPort@Rogers.com

Low fees and low interest rates at 90% LTV are not available now that you can only refinance to 85% LTV insured (New government rules). There are lenders to go to 90% LTV but with them comes higher interest rates or fees up front due the fact that they self insure and you end up paying for that in higher rates or fees or both.

Sorry Darcy

what do you mean by private second? it would imply you already have a first mortgage? how then can a second mortgage be 90% of value? as someone said, this is an impossibility and you need to rethink strategy. also, second mortgages probably start at 6%, upward to 14% and all have fees associated.
Find a good mortgage broker to sort this out for you.

Bianca, She means total Loan to Value. 1st and 2nd combined add up to 90% LTV. Darcy is correct

Hi Cmckenzie,

Have you been able to find the financing you were looking for? It doesn't hurt to get a complimentary second opinion. Feel free to give me a call and I will be glad to review your first and second mortgage to see if there any opportunity for us to save you some money on your mortgage overall.

Cheers,
Deepak

If you haven't found one, let me know; and I can refer you to a private lender.

When it comes to second mortgages it's not possible to have both low rates and low fees in one package (relatively speaking).

Please provide further details regarding your inquiry.

Or if you would like to consult confidentially regarding what options are available for you, you can contact us directly.

We can review your particulars to see if there are any possibilities of even avoiding getting a second mortgage and saving you money.