Your home is one of your biggest financial assets. With a Home Equity Line of Credit (HELOC), you can borrow against your available home equity and access funds as needed — similar to a revolving line of credit.
When Traditional Lenders Say No, Private Mortgages Open Doors
A Home Equity Line of Credit is a revolving line of credit secured against your home’s equity.
The amount depends on your home equity, mortgage balance, income, and lender requirements.
No. You only pay interest on the amount you borrow.
Yes. Many homeowners use HELOCs to consolidate high-interest debt into one lower-rate payment option.
A HELOC may offer lower interest rates and greater flexibility for homeowners with available equity.
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Rates and terms are subject to change without notice. All mortgages are subject to approval by lending institution. OAC. Not all applicants qualify. This page is intended for residents of the Greater Toronto Area, Ontario, Canada. Mortgage Assurance Inc. is independently owned and operated.