Home Equity Loans – TMAX Mortgages

Home Equity
Loans

From funding your child’s education to planning a wedding, or even covering unexpected expenses, life’s significant events can be costly. A Home Equity Loan can provide you with the financial flexibility you need to navigate life’s ups and downs.

What is a Home Equity Loan?

A Home Equity Loan lets you access money quickly and with less restriction compared to traditional banks. Essentially, the loan amount is based on the equity of your home.
Which in most cases, you can borrow up to 80% of the value of your home.

As you pay down your mortgage or your home’s value increases, your equity—and thus your borrowing potential—grows. A Home Equity Loan can provide a lump sum of money that can be used for various purposes, such as home renovations, debt consolidation, or other major expenses.

Home Equity Line of Credit (HELOC

A Home Equity Line of Credit (HELOC) is a cost effective method to secure a loan with lower interest rates compared to traditional lines of credit or loans. It is one of the best methods to secure funds and gives you a way to utilize the value you’ve built in your property.

A HELOC gives you access to the equity built up in your home which can be used for any number of expenses, such as long term investments, emergency funds, educational costs and debt management. It can also be used to pay off your mortgage.

What is a Home Equity Line of ?

Home Equity is the value difference of your home subtracted by the amount of your remaining mortgage. I.e, a home with a value of $500,000 and a remaining mortgage of $200,000 will have an equity of $300,00 A Home Equity Line of Credit (HELOC) is a secured line of credit that is taken against the equity built up in your home. The credit limit available on a HELO) is up to 65% of the market value of your home The total amount of your outstanding mortgage combined with your HELOC cannot equal more than 80% of your home’s value.

Tap Into Your Home’s Equity Today!

Access flexible funds with a Home Equity Line of Credit. Use your equity for renovations, debt consolidation, or more.

We Get You The Best Deal Possible

Getting a mortgage doesn’t have to be hard. We make it fast, easy, and stress-free!

Whether you’re buying your first home, refinancing, or investing, we’ll help you get the best deal—no hidden fees, no headaches.

Don’t wait—call us now and get started!

Let Us Help You Get the Best Mortgage

With experience assisting over 100,000 Canadians, we’re here to help you explore your options, compare rates, and find the mortgage that suits you best.

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