Compare your home equity options

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  HELOC vs second mortgageA HELOC and a second mortgage both borrow against your home equity but differ on limits, rate type, payments and risk. A side-by-side with worked costs and sources.

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  Private vs bank second mortgageHow a private second mortgage differs from one through a bank or credit union: who is regulated, what they look at, cost over two years, and when each makes sense.

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  Second mortgage vs consumer proposalPay debts with a second mortgage or settle them in a consumer proposal? Compare what each does to your debt, home and credit, with worked costs and sources.

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  Second mortgage vs refinanceA second mortgage adds a loan behind your first mortgage. A refinance replaces it. Compare limits, rate, payments and year-one cost with worked numbers and sources.

How we compare

Each comparison covers the same ground: how much you can reach, what the payments look like, what it costs in fees, how fast the rules can change on you, and what happens if you cannot pay. We do not rank options by what pays us. Amplify Leads is paid by the licensed mortgage professionals it works with, whichever product you end up choosing, and we explain that in full.

If you already know your numbers, use the calculator to see the combined loan-to-value and the equity you could reach.