Home Equity Loans
Put the Equity in Your Home to Work.
You have spent years building equity. Use it for renovations, education, investments or big expenses through a home equity loan or a HELOC, structured around your goals and your budget.
How It Works
Borrow Against What You Have Already Built
Your equity is the value of your home minus what you still owe on it. A home equity loan or line of credit lets you borrow against that equity, often at a lower rate than an unsecured loan or credit card, so you can fund the things that matter without selling.
We compare options from banks, credit unions and private lenders, explain how each product works in plain language, and help you borrow an amount you can comfortably repay.
Talk to a Licensed AgentAt a glance
What it is
A loan or line of credit secured by your home
Your equity
Your home's value minus what you owe
Common uses
Renovations, education, investments and big expenses
Cost to you
Free on most residential mortgages
Your Options
Four Ways to Tap Your Equity
There is more than one way to borrow against your home. The right one depends on how much you need, how you will use it and how you want to repay.
01
Home Equity Loan
Receive a lump sum and repay it on a set schedule, with predictable payments.
02
HELOC
A revolving line of credit secured by your home. Borrow what you need, when you need it.
03
Refinance
Replace your mortgage with a larger one and take the difference as cash, with one payment.
04
Second Mortgage
A separate loan registered behind your first mortgage, often from alternative or private lenders.
Side by Side
Loan or Line of Credit?
Home Equity Loan
✓ One lump sum paid out at closing
✓ A fixed repayment schedule
✓ Predictable payments you can plan around
✓ Suits a single, known expense
Home Equity Line of Credit
✓ A limit you draw from as you need
✓ Interest is charged on what you use
✓ The rate is often variable
✓ Suits ongoing or uncertain costs
Terms vary by lender. We will confirm exactly how each option works before you decide.
What It Is For
Put Your Equity Toward What Matters
Borrowing against your home works best when the money builds value or solves a real problem. These are the goals we help with most.
See What I Can AccessRenovations and repairs
Fund an upgrade that improves your comfort and your home's value.
Education
Cover tuition and costs for yourself or your children.
Investments
Raise the down payment for a rental property or another opportunity.
Debt consolidation
Replace several high-interest debts with one manageable payment.
Major life expenses
Handle large, planned costs without draining your savings.
Family support
Help children or relatives with a home purchase or a major need.
Our Process
Three Steps to Your Funds
We keep it simple and honest, and we always show you the full cost before you commit.
01
Review Your Equity
In a free, no-obligation consultation we look at your home, your mortgage and what you want to achieve.
02
Compare Your Options
We compare loans, lines of credit and refinancing across our lender network and explain the trade-offs.
03
Apply and Access Funds
We manage the application and paperwork so you can access your funds with confidence.
Common Questions
Home Equity Questions, Answered
Can't find what you're looking for? Call us at (905) 409-4504 or send a message and we will get back to you quickly.
Ask a Question
What is a home equity loan or HELOC?
It lets you borrow against the equity you have built in your home, either as a loan or a revolving line of credit (HELOC), to fund renovations, education, investments or big expenses.
How much can I borrow?
Lenders generally limit total borrowing against your home to a set share of its appraised value, commonly 80% including your current mortgage. Your income, credit and the lender's rules also matter. We give you a clear estimate in a free consultation.
Will I make monthly payments?
A home equity loan has regular payments on a set schedule. A HELOC often requires payments on the interest on what you have borrowed, though terms vary by lender. We explain exactly how your payments will work.
Should I choose a loan, a HELOC or a refinance?
It depends on how much you need, how you will use it and how you want to repay. A loan suits a single expense, a HELOC suits ongoing costs, and a refinance can make sense when a new mortgage rate works in your favour. We compare them side by side.
What are the risks?
Your home secures the debt, so if you cannot keep up with payments you could lose it. Variable rates can also change your costs. We help you borrow an amount you can comfortably repay and show you the full cost before you decide.
Does it cost anything to work with a mortgage broker?
For most residential mortgages our service is free to you, because we are compensated by the lender. If a fee ever applies, for example on certain private or commercial files, we will tell you upfront in writing.
Keep Exploring
Related Services
Refinance Mortgage
Restructure your mortgage for a better rate or extra cash flow.
Learn more →
Reverse Mortgages
Turn home equity into tax-free cash if you are 55 or older.
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Mortgage Renewals
Compare the market before you sign your renewal.
Learn more →