Home equity loan
Access the equity in your home with a lump-sum loan and predictable fixed payments. Ideal for large one-time expenses—renovations, education, debt consolidation, or a major purchase—when you want to know exactly what you’ll pay each month.
Unlike a HELOC, you receive the full amount upfront and pay it back over a set term. Rates and terms depend on your equity, the property, and the lender. Call us and we’ll get you a quote and explain your options.
Call us: +1 (905) 232-1259
Benefits of a home equity loan
A home equity loan gives you a single disbursement and a fixed interest rate over the term. Your payment stays the same each month, which makes budgeting easier. Because the loan is secured by your home, rates are often lower than for unsecured loans or credit cards.
- • Fixed rate and fixed payment for the full term.
- • Lump sum upfront—ideal for a known expense.
- • Often lower interest than unsecured borrowing.
How it works
We work with multiple lenders to find you a competitive rate and a term that fits your timeline. You’ll apply, provide documents (e.g. income, property), and receive an approval and funding timeline. Once approved, the funds are disbursed in a lump sum. You then make regular payments (principal and interest) over the term until the loan is paid off.
Loan amount and rate depend on factors such as your home’s value, existing mortgage balance, and the lender’s criteria. Call us to discuss how much you might qualify for and what your payment could look like.
Home equity loan vs. HELOC
A home equity loan is a lump sum with a fixed rate and fixed payment. A HELOC is a revolving line of credit: you draw as you need and pay interest only on what you use. Choose a home equity loan when you need a set amount for a specific purpose and want predictable payments. Choose a HELOC when you want flexibility to borrow over time. We can explain both and help you decide.
Get your home equity loan quote
Call us for a rate and to see how much you could borrow.
Call us: +1 (905) 232-1259