Home Equity Line of Credit London & Ottawa
Don’t the equity in your home sit idle! Use it to your advantage! Fulfill your dreams with the money you already have!
The difference between the value of your home and the unpaid mortgage is the value of your home equity. This is usually a very large sum and can be used to facilitate just about anything. The equity is easy to draw out with the help of home equity loans.
Taking out equity from your home to use is a great way to get a secured mortgage! Your lender may even be willing to offer you a deal which has very low interest rates! Home equity loan is very useful in times of emergency fund requirements. It offers a large sum quickly!
How can you take a home equity loan?
There are four ways with which you can take a home equity loan and use the equity you already own!
- Mortgage refinance
- Second mortgage
- Home equity line of credit
- Borrowing the already paid amount
A mortgage refinance can help you access the equity in your home by making your mortgage amount more than it was previously. You can do this with the same lender or you can choose to change your lender!
A second mortgage is an efficient way to take out equity from your home! These are secured mortgages and lenders offer good deals for them!
A home equity line of credit is like a credit card for the equity present in your home! If you need a small amount very quickly, you can use a HELOC to access that amount at very low rates!
You can increase the amount of your initial mortgage itself by choosing to borrow the already paid amount on that mortgage!
Why choose Ontario Lending Group?
“Great deals, the lowest prices and many exclusive deals could be yours if you choose to work with the mortgage experts at Ontario Lending Group. We believe in client satisfaction!”