Home Equity Loans
Do you need a large sum of cash to cover major expenses such as business funds, investments, surgeries, home renovations, and other financial emergencies? Choosing home equity loans will save you a lot of funds compared to using your credit card or digging into your savings accounts because of its innately low interest rate and larger withdrawal limit. As long as you have a minimum of 20% equity in your home, you may qualify to borrow up to 65% of the value of your home at a very low interest rate. If your financial needs call for a larger sum of cash, you also have the option of combining it with your regular mortgage for a maximum of 80% of your home value. Being a part of the largest network of brokers and lenders in Canada, we are able to refer you to a lender that offers the lowest interest rate! One of the greatest advantages of using home equity loans is the flexibility it offers when it comes to repayment. Just covering the interest is enough for the first 5, 10 or 25 years depending on your loan terms, giving you much more time to get your funds in place without jeopardizing your monthly income with large payments.
Our home equity loans Ottawa agents serve clients across Ottawa, Kingston, Belleville, Cornwall, Quinte West, Brockville, Prince Edward, Petawawa, Napanee, Pembroke, Hawkesbury, and neighbouring communities. We also offer other excellent financial aid such as bad credit loans, home financing, and debt consolidation. Visit our reviews page to read about the client experiences at our company and take a look at the FAQs to have some of your financial questions answered! Contact us at Canada East Mortgages today and talk to our gurus about your financial needs!