Well, here goes the 2nd site, how appropriate that it’s for 2nd Mortgages.

Equity or Second mortgages are essentially funds one can take out of their property based on the fact that their equity has increased above the conventional Loan To Value (LTV) ratios.  Of course, there are disclaimers and descriptors with practically every part of that sentence, … to answer the questions though, goto the Canadian Equity Mortgage site