Home Equity Loan
Very similar as a Refinancing, home owners utilize Home Equity Loans for a verity of reasons:
- Home renovations
- Debt consolidation
- Educational expense
- A vacation of a life time… It’s really up to you!
With a home equity loan, which is essentially a 2nd mortgage, you will be able to take care of expenses that many homeowners typically could not afford.
Tapping into the equity of your home is a very popular choice among home owners that currently have a low interest rate on their existing mortgage, who would prefer not to do a refinancing plan.
As your mortgage advisor I will work with you to see if a Home Equity Loan is the best fit for funding your expenses. My brokerage has an extensive list of Ontario-based lenders to find the lowest home equity loan rates.
If you have something large you need to finance, but are unsure what to do, call me, we will work to assess your needs, educate you on the products, and make a selection when YOU feel comfortable to do so.
If you’re looking for home equity line of credit (HELOC), we have options, too!