The last thing you want when you apply for your home equity loan is overpriced service. At Circle Mortgage Group we are committed to providing you with affordable service always.
Our team of mortgage experts will work with you to get you the home equity loan you need. Our service is always courteous and professional.
We are committed to providing the right solutions for you. That’s why we always start with an assessment to see whether a home equity loan or another product is the best fit for you.
Fantastic interest rates
We work with a variety of trusted lenders. That’s why we can always find you fantastic interest rates on all of our products.
Looking For a Home Equity Loan
Do you need cash to invest in a home renovation project, start a business, or pay for a child’s education, but you wish to avoid the high interest rates charged by credit cards and other types of unsecured loans? If you are a homeowner in Burlington, the answer might be right under your nose – or over your head to be more accurate. With a home equity loan, you can get the cash that you need with a low interest rate provided that you have enough equity in your home. Your home equity is the value of your home minus the amount that you still have left owing on your mortgage. So if your home is worth $500,000 and you still have $200,000 owing on it, that means you have $300,000 in equity. With a home equity loan, most lenders will allow you to borrow 80% of your home equity meaning that in the scenario above you would be able to borrow up to $240,000.
Home Equity Loan perfect for Homeowners
Although you have several different options when it comes to getting a loan, mortgage products such as home equity loans are often the best option for homeowners. Not only do they tend to have lower rates than other types of loans, they are much easier to get approved for – even if your credit isn’t the best.
Differences Between Home Equity Loans and Home Equity Lines of Credit
People often use the terms “home equity loan” and “home equity line of credit” interchangeably, but the fact is that they are two different products. In both cases, you are borrowing against the equity in your home, but in the case of a home equity loan, you are borrowing a lump sum of money with a fixed rate and term. A home equity line of credit on the other hand, works more like a credit card. You are approved for a certain limit, that you may borrow from as often as you wish as long as you continue to make the minimum payments and do not exceed the limit. Home equity lines of credits also usually have variable rates which can change when the Bank of Canada changes its rates.
Choose Circle Mortgage For Home Equity Loans in Burlington
If you are considering a home equity loan, it is essential that you work with a qualified mortgage broker who can help ensure that you get the best possible rates and terms. At Circle Mortgage Group and team of expert brokers have years of experience helping Burlington homeowners get the mortgage products they need. Brokerage was founded by Jivan Sanghera, a dedicated mortgage expert with more than a decade of experience in the industry. Over the years, Jivan has hand selected some of the best mortgage brokers to be found in the City of Burlington in order to help homeowners in the area secure home equity loans and a wide range of other mortgage products.
"First time buying a house is a very stressful experience, and Jivan at DLC really helped reduce that stress by clearly outlining the process before we began so there were no surprises along the way and of course I had a lot of questions, and he was quick to respond to them. Now I recommend Jivan to anyone that tells me they are considering to buy a house because of my stress-free experience."
"Jivan’s sense of ethics is endearing. Mortgages are a hard hit to a client and it makes my business worth working for when I work with a Mortgage Broker who works with my client and ensures that the Mortgage my client is signing into will not result in sleepless nights."
"It is truly a great pleasure to be working with Jivan. He is honest, friendly, and very knowledgeable about his industry. Do yourself a favour and contact Jivan first for all your lending needs!"
Lambros Bryan Demos
How Home Equity Loan can help you out?
Financing home renovations
Purchasing a vehicle
Investing in a business
Consolidating consumer debt into one easy, low-interest payment
It will help you get rid of multiple loan payments
It will enable you to be debt free faster
1How reliable is a Mortgage Broker?
Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs. Mortgage Brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
2Other than rates, why should I use a Mortgage Broker?
In addition to rates, because mortgage-based financing is the broker’s primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favorable rates for each project, but often whether a project is funded at all.
3How do Mortgage Brokers Find Superior Rates?
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers. These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution’s portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.