Markham's
Home Equity Loan
Experts.
We offer Home Equity Loans in Markham, the GTA and all of Ontario. Homeowners are approved!
With Markham and the GTA’s housing market booming, now is the perfect time to tap into your homes equity for that long awaited home renovation, repairs, debt consolidation and more!
Serving Markham, the entire GTA and all of Ontario.
HOMEOWNERS APPROVED IN
24 HOURS OR LESS!
Ontario's most competitive rates
We offer the lowest rates possible in our industry.
Homeowners approved within 24 hrs
If you own your home, you're approved. We lend based on your homes equity.
Bad credit. No credit. No problem.
All you need is your home. Credit scores don't matter here!
Large Canadian public funding network
Whether you need $5,000 or $500,000, we have you covered.
We can help when traditional banks won't
Unlike traditional banks, our approvals are solely based on your homes equity.
Helping Markham homeowners get the funds they need for over 20 years.
Quick Approvals in 24 or less
Get started with our quick, no-obligation application form, and see how much you qualify for.
Bad Credit. No Problem.
Do you have low or no income? Bad credit or no credit? Our approvals are based solely on the equity in your home. Simple as that.
Get Your Money Fast!
We know you want your funds as fast as possible. Once approved, our agents will work with you to get your funds within a week or less.
HOMEOWNERS APPROVED IN
24 HOURS OR LESS!
What is a Home Equity Loan?
A home equity loan is like a mortgage, but instead of going off your credit to get an approval they will use your equity to base it on. So if you have bad credit, if you have a seasonal job or are self employed, you’ll be able to get the money you need to make home repairs, send your children to university or even to fund your retirement. It’s important to understand how home equity loans work and here we’re going to go over everything you need to know to get a good home equity loan, so let’s get started!
What is a Home Equity Loan?
First things first, what is a home equity loan? It’s a way of turning the equity you have in your home into money you can use to do virtually anything. To calculate how much equity you have in your home, you need to know two things: how much is your home valued at (appraisal) and how much debt do you have in the home? Debt could be home equity loans, first and second mortgages and even private mortgages. So you need to take the value of your home, subtract the amount of debt you have against it and you’ll find the equity. If you have a $300,000 home and you owe $100,000 in mortgages you’ll have $200,000 in equity. You can borrow up to 70% of that $200,000, or $140,000. This means that you’ll be able to stay in your home and get the money you need to pay for life’s big purchases.
What is a Home Equity Loan Used For?
Home equity loans can be used for a myriad of purposes, but it’s important to make sure that whatever you use it for you only borrow what you can pay back. Don’t take out the full 70% for example when you can get by with only 30% instead. You’ll only pay for what you borrow, so this keeps your interest rates down.
Our Services for Markham Homeowners
Our Markham home equity loan specialists can help you maximize the equity that you have worked so hard to create. We are here to help you make the most our of your hard earned investment.
Home Equity Loan - Frequently Asked Questions
Two key advantages can make a Home Equity Loan a better choice than other types of loans: lower interest rates, and possible tax benefits. Home Equity Loans typically offer rates of 5% to 5%. This is much lower than the interest rates on credit cards, which can range from 8% up to 30%. It's because the loan is secured by your home. Additionally, depending on how you use the funds, the interest you pay on a Home Equity Loan may be tax-deductible--something that generally doesn't apply to credit cards or personal loans.
Home equity loans can be used for almost any purpose, whether it is something you need or want. Home renovations, debt consolidation, funding education or launching a new business are all popular uses. Some homeowners use their equity as a safety net to cover medical emergencies and other urgent expenses. Others invest it in real estate or stocks. You can even use the equity to go on that vacation you always wanted.
Subtract your mortgage balance from the market value of your home to find your equity. You can then apply for a Home Equity loan with Homebase Mortgages and get approved within a few short days.
Mortgage Central Nationwide can approve you in as little as 24 hrs. You could then have your funds in a bank account as soon as a few days.
Mortgage Central Nationwide makes it easy to apply for a Home Equity loan. You can apply online or you call us during business hours. Our mortgage experts are ready to respond quickly and answer any questions during office hours.
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Unlock Your Home's Equity Today!
Homeowner’s Approved in 24 Hours or Less!