USE YOUR HOME EQUITY TO INVEST IN YOUR FUTURE
Do you have equity built up in your home? You can use it to get funds to pay off high-interest loans and reduce monthly bills, finance a much-needed home renovation, and more! As mortgage brokers, we can help you figure out how much of your equity you can access.
Contact a Mortgage BrokerAm I Eligible for a Home Equity Loan ?
There are a few things you should consider when looking at getting a home equity loan in Alberta, such as the payout penalty on your current mortgage. A mortgage broker can help you decide whether or not it still makes sense for you. A home equity loan may be an option for you if you find yourself in one of the following scenarios:
- You need to make repairs or renovations that will add value to your home
- You need to replace an expensive home necessity (eg. water heater, furnace, etc)
- You are making only the minimum payments on your high-interest credit card and are struggling to pay it off
- You have student loans or large personal loans such as a vehicle or RRSP loan that need to be paid off