Equity Mortgages

Equity loans are a very wide lending field ranging from low loan to value options with several major banks and trust companies to shorter term first and second mortgages placed with private lenders. We have extensive experience with all types of equity loans and have included some additional details below:

Low loan to value equity mortgages:

* We are able to fund these with several large trust companies and banks
* These are typically between 50% and 65% of your home value
* The lending field can be narrow however we are often able to obtain very good rates and terms with no lender fees
* These are for owner occupied homes and our clients’ credit has to be above average

Standard loan to value equity mortgages:

*These mortgages are funded by large private mortgage funds in Canada
*These are typically available up to 80% of the value of your home
*Pricing depends largely upon the loan to value along with your credit and location
*Pricing typically ranges from 5.99% to 8.99% with lender fees from 2% to 5%
*These funds can be very flexible in terms of credit and income requirements

Higher loan to value equity mortgages or second mortgages

*These mortgages are funded by both large private mortgage funds and also private individuals
*These are typically available up to 85% of the value of your home
*Loan to value can depend largely upon value and location
*Pricing is typically 9.99% to 15.99% with lenders also charging a fee

If you are considering an equity loan please contact us via phone, online application, or contact form and we would be happy to ensure you receive the best options to fit your goals.