Home Equity Line of Credit
415.655 CASH (2274)
Home Equity Line of Credit (HELOC)
Flexible Financing with Cashin Mortgages
A Home Equity Line of Credit (HELOC) is a flexible borrowing option that allows you to tap into the equity in your home. With a HELOC, you gain a revolving line of credit that can be accessed over a set period, typically 5 to 10 years, similar to a second mortgage. During the draw period, your monthly payments often cover interest only. Because HELOCs are typically linked to indices such as the prime rate, interest rates may fluctuate. After the draw period ends, a repayment phase of 10 to 20 years begins, where both principal and interest are paid.
A Cashin Mortgages HELOC provides flexibility for a wide range of financial needs, including:
Home renovations and upgrades
Investment opportunities or Fix’n’Flip projects
Debt consolidation
BRRR strategies (Buy, Rehab, Rent, Refinance)
Emergency expenses or schooling costs
While a HELOC offers great flexibility, it’s important to remember that your home is used as collateral, and interest rates may increase. That’s why it’s essential to evaluate your financial situation and borrowing goals before applying.
About Our Home Equity Line of Credit
Cashin Mortgages offers private HELOC financing, which is not subject to the same scrutiny as traditional banks. This means faster approvals and same-day access to funds. Whether you’re looking for a home equity line of credit for renovations, debt consolidation, or real estate investment, our team makes it easy to get the financing you need.
- Rates: 1st Mortgages
- Starting At 8.99%
- With 3% Lender Fee (Min. $3,000.00)
Only pay interest on the money you use.
- 1st or 2nd & 3rd Position Charge on a property (can use multiple properties)
- All of Ontario covered
- Residential only (Must be marketable properties)
- Fully OPEN Home Equity Line of Credit (HELOC)
- No Minimum Balance to Carry
- No 3 months interest penalty to discharge early
- Credit Limit of 35k to $2,000,000
- AVOID Costly Private Money Renewal Fees!
- 1-5 year terms. Renewal fees applicable at the end of the term.
- 75% LTV on appraised value. (80% on a case by case basis)
- Appraisal required in most cases from our Approved Appraisers List
- Equity Lender – No Income & No Credit Required
- $500.00 Annual administration fee
- 1,250 for Lender Legals (single property) + Borrower’s ILA fees
- Once in place, funding requests received by 12:00pm will be funded the same business day. After 12:01 pm will be funded next business day
- Full Borrower Portal to pull statements, history, etc
- FAST Approvals 1-4 hours once documentation is received
- FAST Funding available within 2-5 business days from a Complete File
Applying for a Cashin Mortgages HELOC is straightforward:
Application Form – Provide your basic information and borrowing needs.
Current Mortgage Statement – Show your balance owing.
Property Tax Bill – Include any outstanding property tax liability.
Notice of Assessment (NOA) – From the Government of Canada, indicating any CRA liabilities.
With a Cashin Mortgages HELOC, you get fast, flexible, and accessible home equity financing tailored to your goals. Take control of your finances and access the funds you need with confidence.
What is a Home Equity Line of Credit?
A Home Equity Line of Credit, or HELOC, is a revolving line of credit that lets homeowners access funds based on the equity in their home. It works similarly to a credit card, where you can borrow and repay funds as needed.
What does a Home Equity Line of Credit Work?
A Home Equity Line of Credit is a revolving line of credit tied to your home’s equity. You can draw funds as needed, up to your approved credit limit, and you only pay interest on the amount you borrow. The interest rate is often variable and can change with market conditions.
What is Home Equity, and how is it calculated?
Using your Home Equity
Do you wish to buy a new house but don’t have the necessary funds? If you have equity, the options for this may become more available. However, there are a few factors to consider when buying a second house with equity from your current property.
Unlock financial possibilities with HELOC
Get Started Today!
