EquityLine provides rapid access to first and second mortgages up to 12 months of duration for a broad variety of individuals who own quality properties in most urban residentials areas of Southern Ontario.
Loan amounts up to an 80% loan to value ratio.
Our mortgages are perfect for homeowners seeking funds for major upgrade or renovation projects. Our rates are generally lower than many competitive products.
Approvals are very straightforward:
- Our loans are always registered on title as first or second mortgages against the real estate property.
- We require a property appraisal from a registered property appraiser before any loan is approved
- In higher value mortgages or mortgages with a higher loan to value we require prepayment of interest
EquityLine does not approve distress loans.
If you are an owner of a residential property in an urban Southern Ontario market, please fill out an application or get in touch with your local mortgage broker and tell them you want the superior rates and service provided by EquityLine.