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Low Rate Equity Line of Credit

Low Rates for a Line of Credit or Home Equity Loan in the GTA

As Mortgage Agents & Brokers, we have unmatched abilities to underwrite, place and fund lines of credit or home equity loans. As a Northwood Mortgage customer, this means that when other companies say no to lending in the Greater Toronto Area, we look to find a way to say yes. Access our options for a home equity line of credit. Apply today!

Revolving Home Equity Line of Credit

Home equity lines of credit are a convenient, secure way to access the value in your property. With registration on your home’s title, you can rest assured that when it comes time to close out or sell, the line of credit is removed with no hassle. 

At Northwood Mortgage, we excel in getting mortgage approvals for clients in Toronto and Brampton with:

How does a home equity line of credit work?

With a HELOC, you can stay in control of your financial wellbeing. Unlike with credit cards, it gives you the flexibility to access funds quickly and repay them dependably thanks to consistent terms across our participating lenders.

How do I qualify for an Equity Line of Credit?

At Northwood Mortgage we offer great rates and excellent service. We understand that the loan application process can be confusing, let us help you every step of the way. We pride ourselves on our commitment to customer satisfaction and helpful service. No matter what your current financial situation is, please feel free to contact a licensed mortgage professional to learn more about your financial options.

What if I am unsure about a home equity line of credit?

The average homeowner in Canada refinances their mortgage ¾ of the way into their term, almost every term, based on the ever changing market place. Mortgage rates can be volatile and refinancing for a better rate makes sense. Northwood Mortgage offers a variety of refinance products. They range from Charter banks all the way to private lenders. The place in which you will fall all depends on your qualification details (Credit score, income, employment, etc).

If you are unsure whether a home equity line of credit is right for you, get in touch with one of our mortgage agents for a no-obligation, no-hassle call to explore your financing options.

interracial couple signing mortgage investment contract meeting with broker

Understanding whether an Equity Line of Credit is right for you

A Home Equity Line of Credit (HELOC) is much like having a membership card to access funds, and for this reason it should be used responsibly.

Banks and credit unions have stringent underwriting policies in place before granting approval on such lines of credit which are also subject to readjustment or cancellation depending upon current market conditions. It’s important that homeowners understand the risk associated with taking out these loans so they can make an informed decision prior to application. Our mortgage professionals can explain the risks associated and advise whether a HELOC is the right lending product for your situation.

Financing the next chapter of your life is made easy with a home equity line of credit. You benefit from pre-approved funds and no need to requalify yearly.

Call us or apply online now to discuss your funding needs.

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