4361 Harvester Rd Unit 7, Burlington , ON L7L 5M4

Home Equity Loans Ontario

Searching For The Best Home Equity Loan Ontario Has To Offer? Circle Mortgage Group Makes Every Effort To Offer Our Clients:
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Get The Best Interest Rates And Terms When You Apply For Your Home Equity Loan With Us
Best Available Rates
Fast Approval
Quick funding
Customer-Focused Service

Trusted Lenders

Circle Mortgage Prides Itself On:

Affordable Services
When securing a home equity loan, the last thing you want is to pay high fees for refinancing services. That is why we strive to provide friendly service that is affordable and efficient.

Professional Team
Not only will we help you find the best home equity loan for you and your property, but we will take the time to make sure you understand the lender agreement.

Quality Solutions
Whether you are interested in a second mortgage, home equity loan or home equity line of credit, our team will work with you to find the best solutions for the value of your home.

Fantastic Interest Rates
Everyone wants a lower interest rate. At Circle Mortgage Group, we work diligently to secure you an affordable rate with a preferred lender.

We Offer You What You Really Need

Do you need cash to invest in a home renovation project, start a business, consolidate a portion of your debt or pay for a child’s education? It is best to avoid high rates charged by credit cards and instead pursue loan options that are secured. If you live in Ontario, Circle Mortgage Group can offer you a home equity loan plan with a low-interest rate. 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.

A house is often a lifetime investment that comes with many responsibilities. You could encounter personal reasons that require them to change your home's current financial plan and borrow from the equity in your home. It may seem like a daunting task, but with the help of Circle Mortgage Group, we can help determine a payment plan that works best for you.

Here at Circle Mortgage Group, we specialize in second mortgage options, as well as a variety of other mortgages and loans for your property. Our mortgage brokers will work with you to determine the best course of action in the financing of your home. Whether it's a home equity loan or a home equity line of credit, we will find the best solution for you. When you choose us, you will be choosing a mortgage provider that operates on trust, transparency and honesty. Call us today to learn more about how our services can help you, your property and your family.

Get A Lower Interest Rate On Your Home Equity Loan

While it is possible to apply for home equity loans through your bank or credit union, these institutions are restricted to selling their own products. That means there is little to no incentive for them to offer you the most competitive rate. At Circle Mortgage Group, we work with all the major lenders in Canada, including banks and credit unions as well as several others. Some of these lenders can actually only be accessed by working with a broker such as ourselves. With more mortgage lenders to choose from, there is more competition to attract and retain your business. When you work with us, you can rest assured we will work you obtain the maximum balance against the appraised value of your house.
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Choose Circle Mortgage Group To Help With Your Home Equity Loan

The team at Circle Mortgage Group is a highly experienced group of mortgage professionals led by our founder, Jivan Sanghera. Jivan has over a decade of experience in the mortgage industry and has successfully built up his brokerage as one of the premier mortgage brokerages in Burlington. With a commitment to customer service and satisfaction, you can trust Circle Mortgage Group to meet your expectations. We will help you decide between a loan or line of credit, taking a customized and personal approach for each client. We secured thousands of mortgages and loans fr clients all across Canada. Call us today for more information on the best available borrowing solutions on the market.
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Here Is How A Home Equity Loan Can Benefit A Homeowner:

  • Finance a home renovation
  • Pay for personal expenses, like the purchase of a new vehicle
  • Start-up capital for a business
  • Debt consolidation with one easy payment
  • Pay off debts faster
  • Access to home equity
  • A loan for any purpose you choose

Differences Between Home Equity Loans and Home Equity Lines of Credit

Many people often use the terms "home equality loan" and "home equity line of credit" interchangeably, but there is a difference between the two financial products. In both cases, you do borrow against the equity of the home as opposed to the home value. However, in the case of a home equity loan, you are borrowing a lump sum of money at a fixed rate and term. When it comes to a home equity line of credit, it works more like a credit card balance. You are essentially approved for a certain limit which you could borrow from as often as you'd like so long as you continue to make the minimum payments and do exceed the credit limit. A line of credit usually has variable rates and can change whenever the Bank of Canada decides to change its rate.

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

Frequently Asked Questions

What is the difference between a prime, fixed and variable interest rate?

A prime rate is the current interest rate used by banks and is usually the rate at which banks lend to customers with good credit. A variable interested rate may be expressed as a percentage above or below the prime rate. A variable rate will fluctuate over time, based on a benchmark index. A fixed-rate however will remain unchanged for the duration of the term.

Can a home equity loan be used to consolidate debt?

Yes. Many people will take the lump sum secured through a home equity loan and apply it to any outstanding debts and credit card payments.

How do you decide between a home equity loan and a line of credit?

Our experts will help you decide and understand the insurance and legal terms of both options.

How does a home's appraised value impact the value of a home equity loan?

You may be able to borrow up to 80% of your home's appraised value. An appraisal is a legal requirement for a home equity loan because the lender wants to protect itself from the risk of default. If a borrower can't make their monthly payments, the lender wants to know it can recoup the cost of the loan.

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