Home Equity Loan
At Streamline Mortgages we have many different home equity loan programs. Although in many cases it is cheaper for you to rewrite your existing mortgage, there are those circumstances where it is in your best interest to take a home equity loan. Some homeowners turn to home equity loans in order to finance renovations, repairs, or to consolidate debts. With Streamline Mortgages, a trusted and leading mortgage company, you will have access to many different home equity loan programs that are well-suited for your particular financial needs. You will not get locked into a program that does not meet your needs.
Let us guide you through the process and select a product that is tailored to your needs and goals.
What Is A Home Equity Loan?
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A home equity loan, or home equity line of credit, allows homeowners to borrow money using their home’s equity (the difference between how much the home is worth and how much is left on the mortgage) as collateral. Typically, this results in lower interest rates than unsecured loans and lines of credit.
There are different types of home equity loans. In general, there are home equity loans and home equity lines of credits. Both are set up to be paid back over a shorter time period than traditional mortgages, typically anywhere between 5 and 15 years.
A home equity loan works like a traditional loan. An amount is paid to the borrower at the beginning of the loan. It is paid back over a set length of time, typically with a fixed interest rate. A home equity line of credit works differently in the way that it works like a credit card. A home equity line of credit allows homeowners to borrow a certain amount and withdraw funds as they need them. The advantage of a home equity line of credit is in its flexibility.
Although it is typically cheaper to rewrite your existing mortgage, there are times when it makes more financial sense to take out a home equity loan. With trusted, licensed mortgage professionals on your side, we take the time to discuss all of your options and explain the risks involved so that you can feel confident that a home equity loan is right for you.
Streamline Mortgages is your trusted mortgage company regardless of your financial situation. We offer competitive rates for each of our clients even if you have bruised credit. This is made possible due to our extensive connections in the industry. Our mortgage experts give you the support and guidance you need while also offering a range of options and discussing those options with you so that you can make the best financial decision for yourself. In addition to competitive rates, terms, and trusted mortgage experts, our services are prompt and highly efficient. We can secure an approval in as little as 24 hours. This is why we are a leading mortgage company in Ontario.
In addition to home purchase, we also offer:
Home Refinance
Second Mortgage
Private Mortgage
Commercial Mortgage
Home Equity Loan
Home Renovation
Apply for our home purchase services in 30 seconds here and receive approval within 24-48 hours. We also offer free consultations, which you can request here. If you prefer, you can call us toll free at
While removing equity from your home can be a good idea, you should do so with caution and fully understand the benefits and possible risks. The best thing you can do is to consult one of our licensed mortgage professionals and to discuss opportunities to make your home’s equity work for you.
Our Home Equity Loan Services
When looking for a home equity loan, we can offer these services to help you successfully complete your mortgage.
