Loan Program
Home Equity
Our Home Equity Loan Program is designed to help you tap into the equity you’ve built in your home. Whether you need funds for home improvements, debt consolidation, education, or any other major expenses, our flexible loan options provide the capital you need with competitive rates and favorable terms.
* Combo Loan for condos without reserves (Borrower only needs 10% down)
* Cash out for down payment on New Primary Property
* Cash out for down payment on Investment Property
* Cash out for Debt Consolidation
* Cash out for Home Renovations
Home Equity
Our Home Equity Loan Program is designed to help you tap into the equity you’ve built in your home. Whether you need funds for home improvements, debt consolidation, education, or any other major expenses, our flexible loan options provide the capital you need with competitive rates and favorable terms.
* Combo Loan for condos without reserves (Borrower only needs 10% down)
* Cash out for down payment on New Primary Property
* Cash out for down payment on Investment Property
* Cash out for Debt Consolidation
* Cash out for Home Renovations
What is a Home Equity loan?
A home equity loan is a type of loan that lets you borrow money against the equity you’ve built up in your home. Equity is the difference between the current market value of your home and the amount you owe on an existing mortgage.
The amount that you’re eligible to borrow will be determined by the amount of equity you have available in your home and the borrowing limits set by your lender of choice.
What is a Home Equity line of credit (HELOC)?
A home equity line of credit (HELOC) is a revolving line of credit that is secured by the equity in your home. These work similarly to credit cards in the way that you can draw on this line of credit as needed and only pay interest on the amount you borrow.
Pros and Cons: Home Equity Loans VS HELOCS 