The main difference between a first and second mortgage is that with the former, you are borrowing money from specific properties.
The difference between a first and second mortgage is the position of your loan on property. If you have two mortgages, one being "first" while another comes later as 'second', then they can be used to fund different properties with no problem because each will work uniquely for its respective asset class!
Use our Mission35 Mortgage Calculator below to calculate an estimation of your monthly payment based on your home's value and your down payment. Don't settle for an estimation, let us crunch the hard numbers, understand the smaller details and get you the best possible rate as well as mazimize your budget and confirm your actual budget.