Home Equity Line of Credit

We'll be your 'money' time machine, setting you up with a HELOC now for when you might need the funds later.

When getting a mortgage, you may want to plan ahead to have quick access to the funds you'll need — for home or landscaping expenses, kid expenses (college?) or even investment purposes.

Need extra funds? Who doesn't.

Talk to us about a Home Equity Line of Credit. It may just (one day) save your day.

Fast forward in time >>> Has your roof sprung a leak? Maybe you've dropped one-too-many bowls on your kitchen counter? Or maybe you need to fix things up as soon as you move in? There may be plenty of reasons to need extra funds — for home upgrades, to send your offspring off to college, or perhaps to consolidate higher-interest debt.

As a homeowner, a Home Equity Line of Credit (HELOC) may be the right solution for you.

Secured by a very valuable asset — your home — a HELOC can be a lower-interest way to easily access money through your home's worth. If you're a first-time home buyer, or even if you already have a mortgage, there are a number of options for you to consider.

We can help give you peace-of-mind for your upcoming or current expenses.

Connect quickly to a friendly, expert True North Mortgage broker who will outline your options and check with accredited lenders (even your bank) to find your best rate and best HELOC fit. We help make your decision easier, and handle all the paperwork for you. You get peace-of-mind that you've found the best solution for your unique situation.

And, guess what? Our help comes with no cost to you, and no obligation. It's kinda a no-brainer to talk to us.

The benefits you get from a Home Equity Line of Credit

A HELOC is usually very convenient to use. It's often attached to a chequing account and can be accessed through direct payment purchases using your debit card, by e-transfer, or through cash withdrawals — and are just as easy to pay down monthly, in lump sums or in full, without penalty.

  • HELOC value may be as large as 80% of the market value of your home (a mortgage of at least 15% LTV is required)
  • You can use some or all of your available line of credit at your convenience
  • Flexible repayment options — you can just make the required interest monthly payment or pay a larger amount up to the entire balance
  • Your line of credit has no expiry date — it's yours as long as you need it

Have more questions? That's why we're here!

Give us a call, or schedule a call back and we'll contact you at a time that works for you.

Better mortgages, very happy clients.