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HELOC loans

Home Equity Line-Of-Credit
(HELOC)

Unlock the wealth in your walls. Access up to 65% of your home’s value at rates significantly lower than personal loans or credit cards.

debt consolidation

What is a HELOC?

Unlike a standard mortgage where you receive a lump sum, a Home Equity Line of Credit works like a secured credit card.

  • Re-advanceable Credit: As you pay down the balance, you can borrow the funds again without reapplying.

  • Interest-Only Payments: Maximizing cash flow flexibility by only paying interest on the amount you actually use.

  • Prime-Based Rates: Our HELOC rates are tied to the Prime Rate, ensuring you pay less than unsecured lending options.

Smart Ways to Use Your Equity

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Home Renovations

Increase your property value with a new kitchen, basement suite, or landscaping using low-interest equity.

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Debt Consolidation

Swap 20% credit card debt for a lower HELOC rate. Consolidate bills into one manageable monthly payment.

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Investment Strategy

Savvy investors use their HELOC to fund down payments on rental properties or maximize RRSP contributions (tax-deductible interest).

HELOC vs. Mortgage Refinance
Which is Better?

HELOC

Best for: Ongoing access to funds, variable spending needs, and payment flexibility.

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Rate Type: Usually Variable (Prime + X%).

Mortgage Refinance

Best for: One-time lump sum requirements (e.g., buying a second home) where you prefer a stable, Fixed Rate.

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Get a free assessment of your home's value and available credit limit.

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