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Simply put...

You could be sitting on a gold-mine. As you pay off a mortgage, the market value of a home is accrues over time.

When we talk about equity, we mean the amount of ownership built in a home. This comes from the value of a home minus the total of the mortgage. You can draw out money from your home in various forms to pay off bills, conduct renovations or even go on a vacation.

One such solution is a home equity loan. As the name suggests, this is where a property owner can draw money from the equity built up in their home. The amount that you can take out is based on the value of your home.

How we can help:

  • Lower interest rate vs. credit cards

  • Combine your bill payments

  • Lock in a fixed rate

  • Feed and grow your other investments

  • Flexibility of interest-only payments

  • Finish your college degree

  • Fast funding provided as a lump sum

  • Use it as retirement income

  • Use it to renovate your home

  • Help manage your debt

  • Cover your emergency expenses

  • And much more!

How we make it happen...

If you own your home, then you can qualify for a loan! It's that easy! Unlike the big banks, we don't focus on a list of factors. At Canadalend.com, we don't fuss over your citizenship, your credit history or your income level. What we do look at, is your home value and outstanding loans. With that we make the process as easy as possible to unlock the equity in your home!

Home Value

Remaining
Mortgage

Home Equity

Types of home equity loans

Fixed-Term Loan

A Fixed-Term Loan is a one-time lump-sum loan that you pay back on a monthly basis. The payments stay the same month to month, so you can easily budget without expecting any surprises.

HELOC

Homeowners can also take out a line of credit commonly referred to as a HELOC, a ‘Home Equity Line of Credit’. This is available provided you have at least 20% equity in your home and a good credit rating. This provides you with access to funds as you need them on a competitive interest rate.

Apply now!

We offer a range of solutions for all your financial needs!

The licensed mortgage professionals at Canadalend.com want to make sure you understand every aspect of the mortgage process, every step of the way. This includes working out the best amortization period, whether a fixed or variable mortgage is best for your particular situation, or whether you want an accelerated repayment plan. It also means going over the fine print, making sure you understand the terms and conditions, and are fully aware of any costs or penalties.

At Canadalend.com we are dedicated to 5 star customer service. Get in touch with us and a lending specialist will help set up an appointment for a free personal consultation. We will help you review your mortgage options and find the solution that fits your needs!