Talk To - call (416) 880-8246
Talk To Olga - call (416) 880-8246
Olga Baldin
LIC# M21005061
Need a Home Equity Line of Credit?
With a HELOC, You have a limit that you can borrow up to at any time. When you first apply for a revolving product, your utilization is 0%. You can apply for a revolving product well before you intend to use or need it, and as long as the balance is $0 you don't pay anything.
Work with a local Mortgage Expert.
Are you hoping to lower your monthly payment, or take cash out of your home?
I can help you get the right rates for whatever your scenario...
Leverage.
Lower Monthly Payments
HELOCs are interest-only products That means you're not required to repay the principal monthly, only the interest
Financial Security
No Penalties
You can pay the full balance of you HELOC at any time with no penalty. The sooner you pay it off, the less you'll pay in interest over the life of the loan
Payoff Your Mortgage
Shorten Your Term
borrow up to at any time, with no set schedule for repayment
What's the difference between a home equity loan and a home equity line of credit (HELOC)?
A Home Equity Line of Credit (HELOC) operates as a revolving credit line, akin to a credit card, and may even include a card for accessing funds. Conversely, a second mortgage is disbursed as a lump sum and repaid in fixed installments, similar to a traditional mortgage.
With a HELOC, you're approved for a maximum borrowing amount. Initially, your credit utilization is zero percent. It's possible to secure a HELOC in advance of actual need without incurring costs, provided the outstanding balance remains at zero.
Olga Baldin
Mortgage Expert