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Home Equity Loan

If you need to consolidate debt, need money for home renovations, or for any other purpose, there are options available to you.

Types of Home Equity Loans
There are different types of home equity loans. These include: Home Equity Line of Credit, Home Equity mortgage, and or even a complete refinance.

Home Equity Line of Credit
This kind of mortgage is sometimes referred to as a HELOC. Typically, lines of credit are offered by banks or credit unions. Unlike a mortgage, the interest rate is usually low, but applied to the balance of your line for credit on a daily basis. Generally the interest rate is tied to the prime bank rate and goes up and down with the bank rate. Because interest rates can fluctuate. If interest rates do go up, then it would be prudent to consider converting the debt into a fixed rate loan or mortgage.

Home Equity Loan
This kind of loan is usually a fixed rate loan secured as a second or third mortgage against the property.

Home equity loans or home equity lines of credit are useful when you need money for expenses, consolidate debt, finance a new home or complete a renovation project. It could also come in handy if you need funds to pay taxes, property tax bills or mortgage arrears.

Refinance
Sometimes it is better to completely refinance your mortgage or loans especially if you locked into higher rates.

To find out more about how a debt consolidation loan can help you, schedule a free call with one of our Access mortgage brokers TODAY!

WHAT PEOPLE ARE SAYING…

  • Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
  • Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. Brantford, ON
  • Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
  • I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

    KKP, Hamilton, ON
  • I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now it has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    M.D, Mississauga, ON
  • We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., Hamilton, ON
  • Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S. - Mississauga, ON