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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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GET YOUR FREE QUOTE

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

CONFIRM YOUR EQUITY

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

GET YOUR MONEY

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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  • 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!!
  • I recently had the privilege to work with Catia who helped me with getting my mortgage for my first property. I had a ton of questions, concerns and doubts that Catia had no issue explaining and making sure I understood every step of the mortgage. She was not pushy at all and made sure I
  • 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
  • Found Amin on Google when I needed a private mortgage solution. I was very happy with Amin and his team and we're happily moved in now. Thanks and all the best!
  • It started with a phone call to Amir on a Sunday , he gave us options and went to work on our Mortgage immediately. Without a doubt Amir Kay has hands down been the most helpful, professional and efficient Mortgage Broker we have ever dealt with and managed to have a great sense of humour

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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