what is a home equity Liine of Credit

Get a Home Equity Line Of Credit (HELOC) Approved Up to 80% Of the Equity In Your Home.

Get Approved today and use your equity in your home to get a secured line of credit or what is also called a HELOC ! With a Home Equity Line of Credit or HELOC, equity can be released to be used for any purpose and is usually a minimum interest only payment option.

A HELOC is attached to a chequing account and simple to use. You can access these funds through direct payment purchases using your debit card, by writing cheques, or through cash withdrawals. You will receive monthly statements, allowing easy management of your finances. Your account can also be linked to the telephone banking service, ensuring your account information is always only a phone call away.

Increase your cash flow with a home equity loan for any of the following needs:

  • Consolidate debts
  • Renovate your home
  • Invest in your Business
  • Pay off Consumer Proposal
  • Pay mortgage arrears
  • Purchase investments
  • Pay for expenses
  • Pay for Education
  • Cover medical expenses
  • Pay CRA tax arrears
  • Pay property tax arrears
  • Take a family vacation
  • Purchase a car
  • Get our high interest loans
  • Invest in RRSP/RESP 
  • pay off pay day loans
  • pay off judgements, garnishments
  • Finance whatever your specific needs may be

What documents do I need?

Current Mortgage Statement

Most Recent Property tax statement

Most recent NOA

Job letter and recent paystubs

Other documents may be required