A home equity loan mortgage is a mortgage program that allows home owners to access the home equity they have available in their home to withdraw from their property, as a secure mortgage loan.
Many home equity loan programs don’t require credit and income qualifications, as a home equity loan is approved based on the property’s equity.
Home equity loans are typically based on the appraised value of a home, and the difference between the appraisal value, and the registered mortgages/liens on a property. This is money that has been built into the property by various ways such as; the initial down payment made when the home was purchase, the property value going up, the mortgage balance being paid down, etc.. The equity available in the property is money a home owner can access.
Step 1: Complete The Form Above, to apply for a home equity loan
Step 2: Get Instant Home Equity Loan Approvals & Offer(s)
Step 3: Sign Mortgage Documents
Step4: Close At Your Lawyer’s Office In Just Days!
With a home equity loan, you don’t need to have good credit or income to qualify. Whether you’ve come out of a bankruptcy, are in a consumer proposal, or have good or bad credit, you’re home equity loan can be approved. Approvals are based on equity remaining in your home
It’s the easiest way to access money in your home without the standard income and credit requirements the banks have.
My credit cards debt was getting out of control, and very hard to manage. Mortgage Associates Ontario assessed my situation, and arranged an equity based second mortgage and I consolidated my bills with two days. I couldn't have done it without their help and recommend them to anyone needing to consolidate debts.
Heather RobertsonRichmond Hill, Ontario