What is a home equity loan?

Home Equity Loans are becoming more and more difficult to obtain, with many banks refusing to allow clients to leverage more than 65% of their homes value with 80% as a maximum. With more and more restrictions being placed on borrowers by the major banks they are making it impossible to borrow money even if you have equity.

If your application for a home equity loan has been turned away by one of the major banks for any reason, we can offer a variety of solutions for almost every circumstance. Fortunately, not every lender has adopted the tight restrictions that the major banks have adopted and still offer home equity loans to clients based on common sense lending practices.

We’ve been making sense of client’s applications for home equity loans for over 30 years. If you have been turned away by the bank for a home equity loan for reasons such as (but not limited to): the amount you are applying for, credit issues or you can’t verify your income, we can help. We have home equity loan options for just about every situation. Whether you are looking to leverage money to buy another property, consolidate high interest credit card debt or even pay off the Canada Revenue Agency we can help you arrange a home equity loan.