Home Equity Line of Credit Services
By your trusted Mortgage Broker
HELOC (Home Equity Line of Credit) is one of the easiest and most affordable ways to access money through the equity accumulated in your home. This is a very popular option, especially when you have an excellent first mortgage in place.
HELOC operates similar to any existing unsecured line of credit you may have. The difference is, by providing collateral of your home equity, the rate premium applied above prime drops, thereby giving you a lower cost of borrowing.
If you wish to borrow against the equity owned in your home to further your investment portfolios, get out of debt, send children to university or college, make improvements to your home, or even boost your RRSP contributions, we can help you through the process.
While removing equity from your home can be a good idea, you should do so with caution and fully understand the benefits and possible risks. The best thing you can do is to consult us to discuss the opportunities to make your home’s equity work for you.