Tap into Your Home’s Capital
415.655 CASH (2274)
Ready to take the next step? Apply now or call us today to get started on your journey towards financial success.
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.
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.
What is a Home Equity Loan (HEL)
A Home Equity Loan, or HEL, is a loan that allows homeowners to borrow against the equity in their home.
What is a Home Equity Line of Credit (HELOC)
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.
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!
