Home Equity Line of Credit Ontario
A Home Equity Line of Credit (HELOC) is one of our most popular and flexible borrowing options. A HELOC is especially useful if you are anticipating needing quick access to funds and don’t want to wait to get approved. Whether you have an urgent home repair or another life emergency, you will have the funds available for what you need, when you need it.
The Benefits of a HELOC from Burke Financial
We work with homeowners all over Ontario and across the Greater Toronto Area to get access to the equity in their properties for a wide range of goals including debt
consolidation, renovations, business investment and much more! Regardless of your level of debt, income, or credit history, we can help you.
Our goal is to help our clients get to a brighter financial future and give them the possible customer experience while doing so. 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 Line of Credit in Ontario could be your best option. Consider what you can do with a loan on your house equity:
Fully Open to Repayment
A Home Equity Line of Credit (HELOC) is always fully open to repayment at anytime, and can be reborrowed as needed. This gives you the freedoom and flexibility to make as small as the minimum payment each month or even pay off your balance in full is you so chose. This can be very attractive to clients who also want to pay down more than the minimum each month.
Immediate Access to Equity
Once you register your Home Equity Line of Credit (HELOC), even if you do not advance the funds right away, you will be able have immediate access the funds typically in less than 24hrs and in most cases, online, directly to your bank account. This can be very important when opportunities arise, or in the case of needing emergency funds. This makes the Home Equity Line of Credit (HELOC) one of the most population solutions for most clients.
Cash for Renovations
Whether you have a project that you want to complete or are worried about having funds available to finance an emergency home repair like a leaky roof or cracked foundation, a Home Equity Line of Credit (HELOC) allows you to tap into the equity in your property to complete those renovations and have quick access to funds for emergency repairs.
Cash for Investments
When a great investment opportunity arises, it’s important to be ready to act. Having quick access to funds through a HELOC allows you an opportunity to take advantage of those investment opportunities when they arise and make the most of them.
Reduce Monthly Payments
By using a Home Equity Line of Credit (HELOC) to consolidate higher interest debts you can reduce your monthly payments. In many situations, we have helped our clients reduce their monthly payments by up 75%! Helping our clients not only be able to better afford their obligations, but also be able to put money aside for what matters most!
Because a Home Equity Line of Credit (HELOC) is typically registered on your credit bureau, making consistent on-time monthly payments towards your balance is a great and efficient way to rebuild your credit. Every time you make a payment you will be slightly increasing your credit score and working towards better financial health.
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 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.
Millions in Loans Funded
Millions Dollars Saved for Clients
Happy and Satisfied Customers
Communities We Serve
We provide service throughout all of Ontario with a focus on the following cities: