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415.655 CASH (2274)

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Unlock Your Home's Equity

A HELOC (home equity line of credit) is an alternative way to borrow. With a HELOC, your home’s equity becomes collateral to provide you with a supply of credit You decide how much credit you need, when you need it, then repay it when you can. There is never a penalty to pay off your balance.

A HELOC is flexible the way a loan isn’t. Once approved, a line of credit can be accessed any time, for any amount up to your limit. With a loan, you need to re-apply every time you want more funds.

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Low Interest Rates

HELOCs have low interest rates (as low as Prime Rate +0.50%), making them less costly than credit cards and personal loans.

Cashin Mortgages has access to more than 45 Canadian lenders who offer a wide range of home equity products for all types of borrowers.

 
  • First Position uninsured HELOCs up to 80% of your Home Value 

  • Second Position Equity Lines of Credit up  to 80% on Home Value

A HELOC is an essential asset for today’s homeowner – you are only charged interest on the amount you use, not your available balance. The majority of HELOC’s include interest-only payments and you can pay any amount towards your balance penalty free. 

Here’s how a home equity loan can work for you:

 
  • Debt consolidation can turn high-interest payments into one affordable amount

  • Homeowners can renovate for investment purposes and receive a return on their investment

  • Small business owners facing slow growth or a transitional period have better management options

 
 
 

Ready to take the next step? Looking to capitalize on your property’s equity? Book a call with us today and let’s discuss your financial goals. Your future starts now! Or, give us a call at 416.655.CASH (2274) directly for immediate assistance.

A Home Equity Loan, or HEL, is a loan that allows homeowners to borrow against the equity in their home. 

A Home Equity Line of Credit, or HELOC, is a revolving line of credit that lets homeowners access funds based on the equity in their home. It’s similarly to a credit card, where you can borrow and repay funds as needed.

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Using your Home Equity

Do you wish to buy a new house but don’t have the necessary funds? If you have equity, the options for this may become more available. However, there are a few factors to consider when buying a second house with equity from your current property.

Need a Home Equity Loan?

Unlock Your Home's Value Today!

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