It is a type of credit that enables you to tap into funds at a much lower rate than credit cards or personal loans. With HELOC your home acts as collateral.

Home Equity Line of Credit in Toronto (HELOC)

How Home Equity Line of Credit Work for You

It is a type of credit that enables you to tap into funds at a much lower rate than credit cards or personal loans. With HELOC your home acts as collateral. Basically, as you pay off your mortgage your home equity rises and then that equity is used to secure your loan. This home equity line of credit in Toronto is somewhat similar to a second mortgage or a credit card but with better rewards. Since your home is the collateral that ensures that you pay off the loan, you are able to get an amazing low rate.

Like a Credit Card, but With Better Rewards

When it comes to making payments for the loan, the process is pretty much the same as like with a credit card. You need to make at least a minimum payment on a monthly basis and the only interest charges are on the money that you take out. For ease of use you can set up an automatic minimum payment option through your chequing account so you don’t miss any payments. It is very easy to use and is a popular credit option in Canada.

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Featured Rates

FIXED

LenderRateTerm
Mortgage Lendwise RateLendwise

2.99%

5-Year
Mortgage First National Bank RateFirst National Financial

3.44%

4-Year
Mortgage RMG RateRMG Mortgages

3.29%

3-Year
Mortgage Street Capital RateStreet Capital Bank

3.19%

2-Year
Mortgage TD Bank RateTD Bank

2.89%

1-Year

VARIABLE

TermRate
5-Year Variable

2.39%

3-Year Variable

2.80%

OTHER

TypeRate
Line of CreditStarting at

3.00%

Equity LoansStarting at

5.99%

Private MortgagesStarting at

5.99%

Variety of Rates for Home Equity Line of Credit in Toronto

Tapping into the additional pool of money can help out with a lot of different things. Perhaps you have been planning a much needed renovation project, want to consolidate debt, pay for school or cover medical bills. Whatever your reason may be, we can help you in acquiring this additional funding. By choosing to use your home equity line of credit you are making one of the most affordable and smart decisions.

At Toronto Mortgage Brokerage we offer you flexible payment options, no restrictions on your use of the home equity line of credit, no termination period and more.
Are you thinking about renovating your home? Or maybe starting a college fund for your children? Or perhaps you have high interest debt that you’d like to pay off? If you own a home and you want to borrow money, using your home’s equity is one of the most affordable ways to do it.

OUR CUSTOMERS LOVE US

My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Linderman Beadles
Linderman Beadles
06:16 26 Feb 18
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Gina Carroll
Gina Carroll
05:06 28 Feb 18
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Deane Laflamme
Deane Laflamme
04:40 27 Feb 18
My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Stephnie Boyles
Stephnie Boyles
13:59 15 Nov 17
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Billye Peralta
Billye Peralta
13:38 19 Nov 17
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Moore Hoover
Moore Hoover
02:25 16 Nov 17
We worked with Leon and he provided a thorough and a professional process in re-financing our mortgage. Communication was consistent, he was easy to reach and documents were processed quickly. Most importantly, we got a great rate that has us savings hundreds of dollars per month on our home. These guys really know what they're doing.
Melissa Brown
Melissa Brown
00:12 18 Jul 17
As third time home buyers we couldn't be happier with the service we got from Certified mortgage broker. The team did a great job working on our loan. Everything was fast, easy and transparent. Probably the best mortgage experience i’ve ever had.
Riley Clements
Riley Clements
15:27 20 Jul 17

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