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Home Equity Loan Ontario

Put Your Home Equity To Use..

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3 Simple Steps To Getting A Home Equity Loan In Ontario

Accessing your home equity in Ontario is simple and fast. Equity mortgage lenders don’t require the income and credit requirements of big financial institutions. Ontario homeowners can access the equity in their home, regardless of income, job, or credit.

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Complete the form to get your free, no obligation, home equity loan quote and see how much equity you can borrow.


We will confirm the value of your home, and the available equity you can access. A recent mortgage statement will help!


Electronically sign your Ontario home equity loan mortgage approval documents and close in just 48 hours.

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Why Ontario Homeowners Are Borrowing Against Their Home Equity

Everybody and every situation is unique in their own way, but here are some common reasons homeowners in Ontario are borrowing against their equity.

Fast Debt Relief

Consolidate high interest unsecured debt & managing lower payment.

Better Cash Flow

Monthly payments and interest rates are always lower on secured loans.

Home Line of Credit

Get a line of credit and only pay interest on the balance you use.

No Minimum Credit

No minimum credit score required for a home equity loan in Ontario.

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Check out some real reviews from real clients.

  • Great brokers! Amir & Bobby along with their professional team members were able to get me a mortgage that all banks were declining due to being flagged as a “resort”. Always will be grateful thank you!!
  • Bobby knows exactly what needs to be done and does it fast and as efficiently as possible.I am very impressed by the quality and knowledge of service I have received.He is highly recommended.The best thing about Bobby is that he is always available for phone calls and he keeps you updated.
  • I am so grateful for the service that I received at Mortgage commitment in helping me get a mortgage for my home. This was my first time applying for a mortgage and they really walked me through everything prior to even beginning the process. Once the process began, they made sure to keep me updated
  • We had the pleasure of working with Amir for all of our mortgage needs. He exceeded my expectations what a mortgage broker will do for a client. Not only extremely professional but efficient and flawless. This can be an extremely stressful time and Amir made this entire process, from beginning until the end, an amazing
  • What an incredible experience! Fast, responsive and oh so professional. Given a home is the largest investment a person can ever make, the Mortgage Commitment team were along with us every step of the way and we were never confused or hesitant to put our trust in them. We will be shouting it out from

Frequently Asked Questions

Answers to common questions about home equity loans in Ontario

Yes, homeowners in Ontario with a credit score of 600 or less can get access to their home equity. There is no minimum credit score requirement for a home equity loan.

When using a home equity line of credit (HELOC) your overall monthly payment will increase based on the balance you keep on the line of credit. However, you will be able to make minimum monthly payments of the interest only portion of your balance.

The mortgage rate you get is based on your credit score, but credit does not play a factor in you qualifying for a home equity loan, as the approval is based on equity.
A good rule of thumb to keep in mind is if you have good credit, we can negotiate better rates.

Yes, you can still get approved for a home equity loan, even if you are unemployed in Ontario.

Home equity lenders in Ontario don’t require any proof of income or employment.

Yes, home equity loan lenders in Ontario will finance home equity loans up to 90% loan-to-value (LTV).

Home equity loan rates in Ontario will depend on the loan-to-value of the requested mortgage amount. Home equity loans in Ontario up to 90% LTV can range from 8.99% to 10.99%.

When getting a home equity loan in Ontario up to 80% LTV the interest rate can range from 5.99% to 8.99%.

No, in fact, if using a home equity loan to consolidate credit cards or loans, your credit score will increase once you pay off the debt using a home equity loan.

Have more questions?

How To Qualify For A Home Equity Loan In Ontario

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