✓ Verified math — proven against independent references and last checked October 15, 2026; the full proof is under "How this is figured," below the results.
New to the program? Read the plain-language explanation first.
Two honest ways to pull equity from a residential property — break the existing mortgage and replace it, or leave it alone and add a second — priced side by side with penalties, fees and legals included, down to the cost per $100,000 raised. Timing is the third lever: at maturity the penalty disappears, which is why the desk prices all three before a client commits.
Which path, which lender, and above all which timing — the desk prices all three before a client commits to any of them.
Arrange a confidential introductionRamin Hallaji, Principal, licensed in British Columbia (BCFSA) and Alberta (RECA) — a private-client desk of Mortgage Guru Financial, Dominion Lending Centres Group · 778-879-6768 · ramin@mortgageguru.ca · Legal & licensing · Privacy policy
Proud member of the Greater Langley Chamber of Commerce.
Illustration only — not an offer of financing and not financial advice. Combined-LTV caps reflect the desk's published residential schedule for major BC markets (80% new first; seconds to 75% combined for detached and townhomes, 65% for condos); fee, legal and appraisal figures are the published schedule's defaults with minimums applied, and the penalty is a fair-method estimate using the desk's July 2026 comparison rates — big-bank posted-method penalties can run higher (see the penalty tool). Second-mortgage figures assume interest-only payments. Everything is confirmed per file before commitment. Private Wealth Financing arranges mortgage financing only.