HOME EQUITY LOAN

No Income/Credit Required - Borrow up to 90% of Your Home Equity. You are APPROVED on EQUITY NOT Credit.

Home equity loans, the fastest way to borrow money if you own a home

Home Equity Loan is the fastest and easiest way of borrowing money from your home equity. Whether you are looking for debt consolidation, a home renovation loan or pay urgent bills, home equity loan is a great solution as the only qualifying factor you require to have is equity in your home since home equity lenders are not so concerned with your credit or income. This means that regardless of your income, employment or credit you are qualified to borrow a substantial amount of money as long as you have sufficient equity in your home even if you have are going through:

Bankruptcy
Power of Sale
Tax Arrears
Mortgage Arrears
Low/No Income
No Employment
Bad Credit/No Credit

With access to a very large network of private and institutional lender, you are approved for a home equity loan in Ontario whether you live in a major metropolitan are or you live in a rural community. So long as you have sufficient equity you can borrow the funds for your specific purpose quickly and easily .

What is a home equity loan?

A home equity loan in short is a type of mortgage that allows homeowners to borrow money against the equity in their home. For instance if a borrower owns a home worth $300,000 and has a first mortgage on this property with a balance of $200.000, the homeowner has $100,000 worth of equity in his or her home. Thus, the homeowner can use a home equity loan to borrow money against this equity. Depending on the area and type of property, the homeowner could borrow up to 90% of his or her home value. This means the homeowner can borrow as much as seventy thousand dollars as shown here: [($300,000 * 90%) – $200,000] = $70,000

WHY GET A HOME EQUITY LOAN

Get Cash QUICKLY & EASILY

Debt Consolidation

Lower your monthly payments by paying out high interest debt and credit cards

Renovate / Invest

Use the funds to renovate your home or as a down-payment for a new purchase

Mortgage Arrears

Pay out tax and mortgage backlogs to save your home from the province

Emergency Cash

Access to quick and easy cash to pay consumer proposal, judgements or urgent bills

Bad Credit OK

Your credit is not an issue, all credit types accepted

Past Bankrupticy

Your past bankruptcies won't stop you

Consumer Proposal

Pay off your consumer proposal
FAST 48Hr Closing

FAST 48Hr Closing

Fast approval & quick closing mortgages available

How much money could I borrow?

Unlike the traditional lending system where your income and credit will limit you on the amount you can borrow, home equity loans offer you the ability to borrow as much as you have equity in your home. Thus if you have built a substantial amount of equity in your home due to price appreciation, you are able to borrow a large sum of money from your home. Depending on your area and type of property you can borrow as much as 85% to 95% LTV.

Am I really approved if I have bankruptcy, power of sale and horrific credit?

Yes you are approved if you have sufficient equity. Since your home serves as collateral to secure the funds provided by the home equity loan, the home equity lenders are far less concerned with events surrounding your credit and income. This is why a home equity loan can be provided to save a homeowner’s home when he or she is under power of sale for defaulting on the first mortgage.

How quickly can I receive my funds?

Another great benefit of home equity loans is the speed and turnaround time associated with these mortgages which make these mortgages a perfect option for meeting emergency situations when you need urgent access to a large sum of money. Since private lender are not so concerned with credit and income, In most situations once the amount of equity is established, you can receive your money in as quickly as 2 business days.

Easy and Simple

Why Choose My Services

Who are you calling? Ask yourself what happens if you just called RE/MAX or walked to their office to sell your home? Who would pick up the call? Would it be the best salesperson in the office? In fact the opposite is more likely. The chances are your call will be routed to the first person picking up the phone or you would meet those sitting around in the office because they don’t yet have enough experience/clients; and thus, you may not receive the level of service you had hoped for. Mortgages are no different. Therefore, it is absolutely critical to KNOW WHO WOULD BE WORKING ON YOUR FILE.

With access to OVER 500 PRIVATE LENDERS, I can approve mortgages that many other agents and brokers including those that specialize in bad credit and second mortgages cannot. I have built an extensive network of private lenders so that I can approve tough situations all around including in small towns and rural areas of Ontario.

Private mortgages are different from traditional mortgages in that it is up to each agent/broker to find his or her own source of private funds. Most agents have only a few lenders they use for every situation which results in high fees, rates and turn-downs due to the fact that not every lender is able to finance every area or type of property.

Since each applicant's situation is unique, I submit your request to the lender which can best serve your financial needs based on your location, type of property and LTV. This ensures that not only you receive the home equity funds you need on time but that you receive an outstanding service as well as low rates and fees. Contact me today to discuss your financing needs

Pay Off All High Interest Debts and Get a Fresh Start on Life

Take Back Control of Your Life - Substantially Lower Your Monthly Payments using a Low Rate Equity Loan

Current MortgageHome Equity Loan
Current Home Value $400,000Current Home Value $400,000
$200,000 Existing 1st Mortgage = $1,163/month$200,000 Existing 1st Mortgage = $1,163/month
Before Taking Advantage of Home Equity$50,000 Equity Loan = $250/month
$20,000 Auto Loan @ 10.0% = $425/monthAuto Loan = Paid
$20,000 Credit Card @ 18% = $600/monthCredit Card Debt = Paid
$10,000 Store Card @ 28% = $300/monthStore Card Debt = Paid
Total $2,488/monthTotal $1,413/month
You Save $1,075/month!!!