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Second Mortgages Scarborough

About Scarborough

Scarborough is an administrative district and former city in Toronto, Ontario, Canada. Situated atop the Scarborough Bluffs, it occupies the eastern part of the city. Scarborough is contained within the borders of Victoria Park Avenue on the west, Steeles Avenue to the north, Rouge River and the city of Pickering to the east, and Lake Ontario to the south. It borders Old Toronto, East York and North York in the west and the city of Markham in the north. Scarborough was named after the English town of Scarborough, North Yorkshire.

First settled by Europeans in the 1790s, Scarborough has grown from a collection of small rural villages and farms to become fully urbanized with a diverse cultural community. Incorporated in 1850 as a township, Scarborough became part of Metropolitan Toronto in 1953 and was reconstituted as a borough in 1967. Scarborough rapidly developed as a suburb of Old Toronto over the next decade and became a city in 1983. In 1998, Scarborough and the rest of Metropolitan Toronto were amalgamated into the present city of Toronto. Scarborough is an administrative district in Toronto and has its own community council. The Scarborough Civic Centre, the former city hall, is still used by the municipal government of Toronto.

Scarborough is a popular destination for new immigrants in Canada to reside. As a result, it is one of the most diverse and multicultural areas in the Greater Toronto Area, being home to various religious groups and places of worship. It includes some of Toronto’s popular natural landmarks, such as the Toronto Zoo and Rouge Park. The northeast corner of Scarborough is largely rural with some of Toronto’s last remaining farms, leading to Scarborough’s reputation of being greener than any other part of Toronto.

When Scarborough Banks Decline, We Approve!

Having a tough time getting approved by a bank on a loan in Scarborough or having difficulties with high credit card payments? If you’re looking for a top mortgage broker, at Mortgage Central, we’re experts at hard to place private mortgages and second mortgages. As a matter of fact, 90% of our clients have poor credit and we pride ourselves on getting approvals within 24hrs.

Whether you are purchasing a new home, renewing your existing mortgage, mortgage refinancing to consolidate your debts or simply wanting to take a home equity loan, our team of professionals will work with you to find a solution best suited for you.

First Mortgages, Second Mortgages & Home Equity Loans for Scarborough Homeowners

If you are looking for a second mortgage, or home equity loan, we are here for you. Whether you are looking to pay off a high-interest loan, or a consumer proposal, or simply need some extra funds for other reasons, a second mortgage can get you the money you need by using the equity that you have already built simply by paying your mortgage. In Ontario, we can get you as much of 95% of the equity of your home in the form of a second mortgage or home equity loan.