Mortgage Solutions · HELOC & Home Equity
A line of credit secured against your home: approved once, drawn whenever you need it. You pay interest only on the balance you actually use, not the limit you're approved for.
▍ Home-equity line calculator
A re-advanceable HELOC paired with your mortgage caps at 80% of your home's value. A standalone line caps at 65%. Set your numbers, then drag the draw slider. Notice the payment moves with what you use, not your limit.
Tied to a re-advanceable first mortgage. The combined exposure of mortgage + line can reach 80% of value, the most capacity, and usually the sharpest pricing.
An estimate only. Your limit depends on the appraisal, income, and credit; lenders qualify you at the contract rate + 2% (or 5.25%, whichever is higher). We confirm the real numbers before anything's committed.
Flexible access, not a lump sum
A HELOC shines when you need capital over time rather than all at once: drawing as costs come in, paying interest only on what's outstanding.
Draw as each invoice comes in instead of carrying interest on the full budget from day one.
Education costs for yourself or your kids that arrive each term, not in a single bill.
When the timing of a sale and a purchase don't line up and you need short-term flexibility.
For a small business or a non-registered investment portfolio, drawn and repaid as needed.
Apply when you don't need it, so the capacity is simply there if you ever do.
For a single large purchase with a set payback plan, a second mortgage or refinance usually prices better.
Same product, two registrations
A good HELOC isn't just about getting approved. It's about getting the right structure. The two routes price and behave differently.
Structure, not just approval
If you already have a mortgage, a re-advanceable HELOC usually prices better and gives you more capacity than a standalone product. We model both against your situation.
HELOC rates are quoted as "prime + X." The X is negotiable and varies by lender, balance, and the strength of your file, and we know which lenders sharpen it.
Some lenders price HELOCs aggressively to win the first mortgage; others treat them as a profit centre. We know which is which.
Self-employed and commission-based borrowers often qualify for far less than they should under default lender policies. We package the file so your real income shows.
We're a brokerage, not a bank. We compare offers across 30+ A-lenders, B-lenders, and credit unions, and on most files we're paid by the lender on funding rather than by you.
No commitment to start. Send us your value and balance and we'll confirm what you'd actually be approved for, and at what rate.
Common questions
Tell us about your situation. We'll match you to the right product and lender.
Start pre-approvalAI assistant · General information