Equity Take-Outs
Mobilize existing equity for personal or investment use. Plus, refinance your existing mortgage at a lower interest rate at the same time!
An Equity take-out is an excellent way to pay off current consumer debts such as high interest credit cards, car loans, personal loans, or for that home renovations project you have been putting off for years!
Equity take-outs can be used for any worthwhile purpose and CMHC allows for equity take-outs up to 90% of property value.
Home Renovation Loan. When financing is needed for a home renovation, homeowners should get information about a loan and a line of credit. Understanding the difference between the two will help people choose the option that best meets their needs.
Investment Financing. Whether you are looking to put your money in a safe investment or buying your first revenue property, we can assist in arranging the financing for you through our large network of lenders who specialize in mortgages for investment purposes.
Vacation Financing. Most people use their credit cards to pay for that much deserved vacation. When credit card rates are as high as 18%, this may not be the best way to pay for it. Or, you've found the perfect condo, cottage or vacation property. Now, all you need is the right borrowing solution to make it yours.
Debt Consolidation. Simply most effective way for any homeowner to eliminate debt and save money over the long term. Also referred to as "refinancing" within the industry, refi's are quite common these days. And, not because more people are in debt. It allows them to renegotiate their existing mortgage at a lower rate and at the same time, pay-out those high interest credit cards!
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