5.99%
Rates currently as low as 5.99%
Now is a great time to unlock your home equity. Speak with a broker to see what you qualify for.
Your home is likely your most valuable asset. Over time, as you pay down your mortgage and property values rise, you build equity — and in Canada, you have several smart ways to access it without selling.
Whether you want to renovate, consolidate high-interest debt, fund your child's education, or invest in a rental property, tapping your home equity can be one of the most cost-effective financing tools available. But choosing the right product matters.
What is home equity?
Home equity is the portion of your home's value that you own outright: Current Market Value − Outstanding Mortgage Balance. Most lenders allow you to borrow up to 80% of your home's appraised value combined with your existing mortgage.
Your three main options
Home Equity Line of Credit (HELOC) Flexible
A revolving credit line secured against your home's equity. Borrow what you need, repay it, and borrow again. Interest is charged only on the amount you use, at a variable rate.
Home Equity Loan (Second Mortgage) Predictable
A fixed lump sum at a fixed rate, repaid in regular installments. Ideal when you know exactly how much you need and want payment certainty.
Cash-Out Refinance Lowest rate
Replace your existing mortgage with a larger one and receive the difference in cash. Best timed at renewal to avoid prepayment penalties.
Smart ways to use your equity
Home renovations
Reinvest equity back into your property — kitchens, basements, additions. Rates far below personal loans.
Debt consolidation
Replace 19.99% credit card rates with as low as 5.99% equity financing and save thousands each year.
Rental property
Use your primary home's equity to fund the down payment on an investment property.
Business growth
Often cheaper and easier to qualify for than traditional business loans, especially for self-employed borrowers.
Education
Lower rates than student lines of credit for parents funding post-secondary tuition.
Emergency reserve
A HELOC set up in advance — even unused — provides peace of mind no savings account can replicate.
Ready to explore your options?
With rates as low as 5.99%, now is a great time to unlock your equity. We'll assess your position, walk through every option, and help you make a confident decision.
Book a free consultation
No obligation. Takes less than 15 minutes.
