HOME EQUITY LOANS
ONTARIO
HOW MUCH DO YOU WANT TO BORROW?
Home Equity Loan Solutions in Ontario
If you’re a novice homeowner, you may still be getting used to all of the responsibilities that come with owning your own home. Burke Financial is an award-winning mortgage brokerage committed to helping homeowners consolidate their finances and further invest in their property. We take every step to ensure our clients can make the most of their home equity.
Regardless of your level of debt, income, or credit history, Burke Financial can help you access up to 85% of the equity in your home for what you need.
Our team works with homeowners throughout Ontario, specializing in Ottawa, Kitchener, Hamilton, Toronto and Richmond Hill to help them rehabilitate their finances and continue to invest in their property. Learn more about your options with Burke Financial today.
Home Equity Loans
A home equity loan is a loan taken out by a borrower to use the equity of his or her home as collateral. The loan amount is determined by the property’s current market value, which a designated appraiser determines. The longer you’ve owned your home, the more equity you’ve accumulated and can then use towards your financial goals.
If you’re struggling to meet your monthly payments, taking out a home equity loan can allow you to access a lump sum of money at a lower interest rate. These funds are often used to consolidate multiple existing debts into a singular payment, putting borrowers in a healthier long-term financial position.
Let us help you find the perfect mortgage product for you. A home equity loan may very well be your best option.
Home Equity Loans For All Situations
We work with homeowners throughout Ontario and across the Greater Toronto Area to rehabilitate their finances and continue to invest in their property. Regardless of your level of debt, income, or credit history, we can help you. Burke Financial allows you to access up to 85% of the equity in your home for what you need to accomplish.
Our goal is to make every borrowing experience a positive one. As mortgage brokers specializing in subprime mortgages, we have the tools and resources to help you secure the money you need without the wait.
A home equity loan in Ontario could be your best option. Our home equity loans are available in regions across Ontario, including Ottawa, Kitchener, Hamilton, Toronto, and Richmond Hill.
Consider what you can do with a loan on your house equity:
URGENT
HOME REPAIRS
When your HVAC stops working or there’s structural damage in your home, waiting for loan approval from the bank isn’t a feasible option. Home equity loans are designed to help homeowners cover these unexpected costs without worrying about their current savings or their credit score.
Taking a loan out on your home equity is a convenient, efficient borrowing option for urgent home repairs.
PURCHASING
INVESTMENT PROPERTIES
If you’re looking to expand your investment portfolio in Toronto but don’t have the capital in your back pocket, a home equity loan is a low-interest option that you can use to make the down payment.
If your investment property generates income, you’ll likely have enough funds to cover the expenses.
PURCHASING
VACATION PROPERTIES
Home equity loans offer homeowners the financial freedom to expand their real estate portfolio, including investing in a vacation property.
With the reduced interest rates, owning a vacation rental can offer another income source if you plan on renting the property when you’re not visiting. If the market grows in your favour, your equity in this property will continue to grow.
INVEST IN
EDUCATION
The cost of education continues to rise and, if you’re already a homeowner, your expenses are likely stretched as far as they can go.
Whether you’re sending your children to school or looking to invest in your own education, taking out a loan on your house equity is a low-interest solution.
CONSOLIDATE
DEBTS
Home equity loans offer predictability for Toronto homeowners juggling multiple payments.
Debt consolidation allows you to combine outstanding funds into a singular, low monthly payment.
AUTOMOBILE
PURCHASES
Unless you have the savings needed to purchase a vehicle, you’ll need to look at your borrowing options.
Using a home equity loan is a low-interest solution that offers a straightforward payment process.
WEDDING
EXPENSES
When you take out a loan through your home equity, that doesn’t mean those funds must stay within the home.
Homeowners often use these loans to help pay for sizable expenses, such as a wedding. Knowing how much equity you’ve been approved for will allow you to set a reasonable budget for your special celebration.
BUSINESS
INVESTMENTS
If you’re self-employed, securing financial backing for your business can be a challenge.
You can use the equity you’ve earned through paying off your mortgage to invest in your business and grow your profits.
REBUILD
CREDIT
If you’ve secured a manageable amount of money and can make your monthly payments on-time, this type of loan can positively affect your credit and increase your ability to secure larger loans in the future.
Why Choose Burke Financial
At Burke Financial, we specialize in communicating with lenders on behalf of our clients’ needs to get the lowest possible interest rates and establish a successful payment plan.
Our mortgage brokers are available on-hand to improve the borrowing experience of homeowners across Toronto and throughout Ontario. As a customer service leader, we’re committed to creating a positive and seamless borrowing experience for all of our clients.
Contact us today to learn more about your options.
Contact Us Today
Feel free to contact us anytime with any questions that you have. We are here to help every step of the way!
Richmond Hill, ON L4B 1H7
Canada
Brokerage # 13111
Phone: 1-877-709-0709
Email: [email protected]