Home Equity Loan Lender in Toronto, Ontario
You Worked Hard to Build Equity in Your Home. Let Lendmore Get that Equity Working Hard For You.
Understanding home equity loans
A home equity line of credit allows a borrower to use the equity in their home as collateral. Equity is determined by taking the appraised value of your house and subtracting how much you still owe. You could possibly borrow between 85 and 90% of the appraised value of your home. Our experienced team will be happy to crunch the numbers to get you a loan you’re happy with at a rate that you’re comfortable with!
Reasons for a home equity line of credit
Using the equity built up in your Home may be one of the most cost-effective ways to lower your financing costs and consolidate high interest debt. Very often, home equity loans & lines of credit offer you a better solution than unsecured loans that carry rates as high as 49%. Access your home equity for unexpected costs, debts or home improvement. It’s yours to use however you desire!
You may be able to borrow against the equity in your home to finance other needs such as a home renovation, debt consolidation, college tuition and more. Generally you can borrow between 85 – 90% of the appraised value of your house!
Often, a home equity loan will allow you to have borrow money without the high interest rates that come with unsecured loans. Access your home equity for:
- Unexpected costs.
- Home improvement.
- College education.
- Start your own business.
- Emergency home repairs.
- Anything else you want or need!
What Lendmore Financial can do for you
We have years of experience serving the Toronto, Ontario area. Our lending experts can help you go from where you are to where you want to be by putting your home to work for you. We can guide you through the process, from beginning to end, answering all of your questions along the way.
We are committed to assisting our clients to gain access to their home equity. We offer a wide variety of lending solutions and we will work to find the one that’s just right for you.
Call us today to see how serious we are about helping you achieve your financial goals!