Home Equity Loans & Line of Credit
If you have been paying down your mortgage, or if your home has appreciated in value, then you have equity in your home. You can access that equity through a home equity loan or a home equity line of credit. Lenders offer great rates on these products since they have the security of your home as collateral.
If you have high interest credit cards or other loans, you can reduce your payments and interest by getting a home equity loan or a home equity line of credit. You can also use the money to do home renovations, travel, pay for education, start a business - whatever you need.
We can arrange home equity loans or home equity lines of credit. If you are not sure what the difference is, this Suze Orman video helps explain the difference between the two ways of borrowing against the equity in your home.
*Please note that mortgage products and terms may differ in Canada.
Let me find you the best rates on home equity loans or home equity lines of credit. You could save thousands on interest every year if you are now paying high interest credit cards or loans.
Want to reduce your total monthly payments? Use the equity in your home to pay down debt and make only one payment.
Call me for details and to discuss which product is right for you.