Equity home loan
Home Equity Loans
What is home equity?  If you have been making mortgage payments over time, or if the real estate market in your area has increased in value, then you have probably built up equity in your home.
Home equity line of credit Ontario Canada
 

This equity is the difference between the appraised value of your home and the outstanding debt, or mortgage, on your home. 

Many lenders will lend up to 90% of the appraised value of a home, but we can determine how much you will be able to qualify for.

Call Lee Anne at (905) 336-8948 for a free evaluation.

Learn more about Mortgage Credit Scores

How it affects your ability to borrow at low rates!

Home Equity Line of Credit Ontario

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    Home Equity Line of Credit

    A home equity line of credit is a low interest loan secured against the equity in your home. 

    The difference between a home equity loan and a home equity line of credit is that with a loan, you get the full amount at the outset.

  • With a line of credit, you are granted access to a certain limit, and only pay interest on the amount you borrow.    



    Therefore, you can borrow less than the limit, pay back, borrow again, etc.  A line of credit is a more flexible option if you don’t need the full amount right away. 

    Call Lee Anne for more information and to help determine which form of borrowing is right for you.

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