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Home Equity Loans in Markham

We are here to provide you with honest advice and solutions tailored to your specific needs regarding home equity loans. Our loans are competitively-priced and come with a range of flexible repayment terms so that the loan fits into your financial plan.

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Get a Low-Cost Loan With Home Equity

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Our company has been providing mortgages, home equity loans and line of credits across Ontario for over 15 years. We understand that each client's needs are unique and strive to match them with the best possible lending solution tailored to their individual circumstances.


Homeowners who have built up considerable equity in their property can use it as collateral for low-cost borrowing options. Our team is here to assist you in finding a lender capable of meeting your requirements, whether you're looking to improve your home or reduce your monthly outgoings. We aim to provide swift decisions regarding your loan application so that you can make an informed decision that works well for you and your lifestyle.


Contact us today if you would like more information on home equity loans and the other lending options available. We are dedicated to finding you the most suitable solution.

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What To Look For When Comparing Loans

01

Interest Rate

When comparing home equity loans, it is important to pay attention to the interest rate that each loan offers. The interest rate can have a major impact on how much you will ultimately owe, so it’s important to find the loan with the lowest rate possible.

02

Loan Term

Always consider the loan term or repayment timeline. Different lenders may offer different terms ranging in length from 10 years up to 30 years – depending on your financial situation and goals, one term may be better for you than another.

03

Fees & Closing Costs

Many lenders also charge various fees and closing costs that are associated with taking out a home equity loan. It’s important to pay attention to these costs and understand how much they will add up to before signing any loan agreement.

04

Flexibility

Some lenders may offer deferment options or interest-only payments for certain periods of time in order to give you some breathing room and help manage your debt more effectively over the long term. Taking the time to compare carefully can save you money and hassle down the road.

Whether you want to improve your home or reduce your monthly outgoings, a home equity loan could work well for you and your lifestyle.

Frequently Asked Questions

Answered below are some of the questions we most commonly receive.

  • What is the process for applying for a home equity loan?

    For homeowners who have a property with collateral value, we provide access to home equity loans. The lower the remaining mortgage balance, the more likely it is that you can obtain such a loan. Not to worry, we will coordinate all aspects of the loan process, including an independent property appraisal, making sure your borrowing experience is smooth and straightforward. 


    Should you have any queries or concerns during any stage of the loan application process, our team is available and ready to assist in answering your questions! We also specialize in mortgage approvals and refinancing solutions. 

  • What is the difference between a home equity line of credit (HELOC) and a regular home equity loan?

    Home Equity Line of Credit (HELOC): HELOCs provide access to ongoing lines of credit that you can draw on at any time. You only pay interest on what you borrow. 


    Home equity loans provide a lump sum of money that is repaid in fixed monthly payments over a set period of time, similar to a mortgage or auto loan. The main difference is that the interest rate may be lower than other types of loans and there may be tax advantages associated with home equity loans. 

  • What are the risks associated with taking out a home equity loan?

    Like most forms of borrowing, it’s important to consider the risks associated with taking out a home equity loan. One potential risk is that if you default on your loan, you could end up losing your home as collateral for the loan. Additionally, if property values decline, you could end up owing more on your loan than the house is worth. It’s important to consider these risks before taking out a home equity loan. 


    We believe in transparency throughout the entire loan process, and strive to make sure that you’re comfortable with all of the terms you agree to before signing anything. Reach out to us for further information on how we can help you! 

  • How long does it take to get approved for a home equity loan?

    Depending on the lender and your credit score, it can take anywhere from a few days to several weeks to be approved for a home equity loan. The process usually consists of an application, review of financial documents such as tax returns and bank statements, and then approval or denial of the loan request. Additionally, some lenders may require a property appraisal before they approve the loan. 


    If you’re considering taking out a home equity loan, come to EasyMortgageLend for effective solutions and trusted advice.

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