For many people home equity is the easiest and most affordable way to access money.

Canadians purchase homes for several reasons such as the stability of owning their own home or investment. It is a fact that home ownership is a great stable investment over time and many Canadians are profiting from it.

Real World Home Improvement Solutions

Canadians refinance home loans and pull-out equity for home improvements, investments, college expenses, and high interest debt consolidation. Billions of dollars are borrowed against Canadian homes each year.

You should remove equity from your home with caution and be fully aware of the benefits and potential risks. It is best to consult a licensed mortgage professional and financial planner and discuss ways you can have your home equity work for you.

Is it possible to use a home equity loan for anything?
The flexibility of a HELOC is one of its main advantages. A HELOC, like a home equity loan, can be used for anything. It’s great for long-term needs like house improvements, medical bills, or even college tuition.