Live Your Dreams
Building home equity doesn’t just mean you’re closer to paying off your home; it means you’re growing your financial freedom. With a home equity loan, you can use the equity you’ve built up to cost-effectively borrow money.
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.
Why Choose Mortgage Connection?
Mortgage Connection helps you find solutions and streamlines the mortgage process.
Our team stands on an incredible foundation of experience and knowledge, dedicated to finding you the best mortgage for your needs. Let us do the heavy lifting and make it a great experience for you!
The Home Equity Loan Process
Applying for a home equity line of credit can be a little bit confusing, but we can make it easier. Our professionals are here to provide step-by-step guidance so you can do it with complete peace of mind.
We want you to feel confident in your decision and know that you’re getting the right deal for you.
First, we’ll meet with you so we can fully understand your goals and current equity. We’ll assess your mortgage, ask questions & guide you confidently through the process.
Our team will take you through the application process, help you choose the best lender for you, and gather all the correct paperwork. We might also have your home appraised to determine its current value.
Get approved & connect with a lawyer of your choice!
They’ll make sure your current and new lenders are paid, leaving everything else up to you if you want the proceeds. For a HELOC, your lender may give cheques/debit cards to access available funds.
Learn More About HELOCs
What Are They?
HELOCs allow you to borrow money at a low-interest rate against the equity of your home.
HELOCs are also re-advanceable, meaning you can borrow and pay it back as many times as you like—an excellent way to borrow money!
Am I Qualified?
You may be able to finance up to 80% of your home’s total value, with up to 65% in a HELOC. For example, if your home is worth $100,000 and you owe $50,000 on a mortgage, you could qualify for HELOC of up to $30,000—totalling $80,000.
Are There Fees?
There are registration fees for HELOCs. You may also need a home appraisal to determine its current market value. Having said that, lenders often have promotions to cover these charges.
Our Products
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Contact Us
Residential
National Headquarters:
- 110 1121 Centre Street NW
- Calgary, AB T2E 7K6
Secondary Office:
- 1417 9 Ave SE
- Calgary, AB T2G 0T4
Ontario Office:
- 1765 Rosslyn Road
- Thunder Bay, Ontario P7K 1J3
FSRA Brokerage License #13097
British Columbia Office:
- 1096 Quatsino Drive
- North Saanich, BC V8L 5R8
BCFSA #13097
Saskatchewan
FCAA #511359