
Building home equity doesn’t just mean you’re closer to paying off your home; it means you’re growing your own financial freedom. With a home equity loan, you can use the equity you’ve built up to borrow money in a cost-effective way. It’s a simple and low-risk way to take advantage of your own hard work.
Mortgage Connection is here to give you all the answers you need. We’re happy to show you what your borrowing options are and help you choose what’s right for you.
First, we need to know what your goal is and what sort of equity you already have in your home. We’ll take a look at your current mortgage, ask you some questions about what you’d like to accomplish, and help walk you through the next steps from there.
You’ll need to qualify again as if you were applying for a new mortgage. We’ll take you through the application, help choose the best lender and mortgage product for you, and gather the necessary paperwork. We might also have your home appraised to determine its current value.
Once you’ve been approved, it’s time to connect with a lawyer to finalize the paperwork. You can choose the lawyer yourself, or use a title company assigned by the lender. Regardless of who you choose, your lawyer or title company will make sure your current lender is paid, your new lender is added to the title, and that any and all other conditions have been met.
What happens next is your call. You could have the lawyer simply give the proceeds to you to use however you like, or you could have the lawyer put the proceeds towards some debts. If you’ve opened a HELOC (Home Equity Line of Credit), your lender may provide cheques, or debit cards to access the available funds for future use.
First, we need to know what your goal is and what sort of equity you already have in your home. We’ll take a look at your current mortgage, ask you some questions about what you’d like to accomplish, and help walk you through the next steps from there.
You’ll need to qualify again as if you were applying for a new mortgage. We’ll take you through the application, help choose the best lender and mortgage product for you, and gather the necessary paperwork. We might also have your home appraised to determine its current value.
Once you’ve been approved, it’s time to connect with a lawyer to finalize the paperwork. You can choose the lawyer yourself, or use a title company assigned by the lender. Regardless of who you choose, your lawyer or title company will make sure your current lender is paid, your new lender is added to the title, and that any and all other conditions have been met.
What happens next is your call. You could have the lawyer simply give the proceeds to you to use however you like, or you could have the lawyer put the proceeds towards some debts. If you’ve opened a HELOC (Home Equity Line of Credit), your lender may provide cheques, or debit cards to access the available funds for future use.
Mortgage Connection is here to help you with all your mortgage financing needs. Money matters require expertise, experience, and connections. We pride ourselves on finding solutions to whatever financial scenario you bring us.
Our team simplifies and streamlines the process as much as possible, keeping you totally informed every step of the way. Mortgages can be intimidating, but they don’t have to be. Let Mortgage Connection do the heavy lifting and make it a great experience for you.
Our team stands on an incredible foundation of experience, which can make all the difference when it comes to saving you money. As experts in our field, we’re dedicated to continuing our education and staying current with the market’s latest offers and products. Through constant learning, we can better meet your needs, work towards your goals, and guide you through the process.
Think Mortgage Connection, and discover a truly different mortgage experience.
Contact Mortgage Connection for more information
Telephone 587-830-2059Main Office: 110 1121 Centre Street NW, Calgary, AB T2E 7K6
Secondary Address: 1417 9 Ave SE, Calgary, AB T2G 0T4
Ontario Address: 1765 Rosslyn Road, Thunder Bay, Ontario P7K 1J3
Thunder Bay Phone Number: 587-830-2059
British Columbia Address: 1096 Quatsino Drive, North Saanich, BC V8L 5R8
Edmonton Address: #203 - 10706 124 Street NW, Edmonton, AB T5M 0H1
FSRA Brokerage License #13097