Home Equity Loans
Having to suddenly cover for major expenses such as medical bills, home renovations, business funds, education fees, and other financial emergencies can be a stressful affair. Turning to high-interest loans or racking up credit card bills can adversely affect your financial well-being. Home equity loans take your home as a collateral so that you can take out a percentage of your home’s value as a loan at a low interest rate. As long as you have a minimum of 20% equity in your home, you can qualify for up to 65% of your home’s value, and 80% by combining it with your regular mortgage. You can choose between a fixed-rate loan, where your interest rate and payment schedule is pre-approved from the beginning, or a home-equity line of credit (HELOC), where your interest rate is varied but there is more flexibility in terms of repayment schedules. Our Markham mortgage refinance agents will look under every rock in our network of lenders to make sure you are getting the most out of your home equity loans. Our service region includes Markham, Toronto, North York, Scarborough, Etobicoke, Vaughan, Richmond Hill, Oshawa, Ajax, Pickering, Peterborough, Newmarket, and other neighbouring cities.
Canada East Mortgages is your best choice for home equity loans and other financial services including mortgage refinance, second mortgage, private mortgage, bad credit loans, and debt consolidation. To learn more about our company and see how we can improve your finances, contact us today!
Home equity lines of credit or mortgages ONLY. We do NOT do personal loans.