
Over 2,000 Homeowners Have Given Us 5-Star Reviews
Since 2015, our award-winning brokerage has been helping Ontario homeowners get the lowest rates for home equity loans, home equity lines of credit, and other mortgage products.
ONTARIO HOME EQUITY LOAN
From $40,000 to $250,000
Home equity loans (or home loans) allow homeowners to borrow against their home equity available. Home loans help homeowners to use their equity without refinancing or selling.
FAQs about home equity loans:
1
How do you borrow against equity?
Lenders (i.e., banks) provide home loans based on the available equity, so you can use your equity without selling.
2
Any credit or income requirements?
Getting a home equity loan with damaged credit is possible depending on your available equity. Good credit helps!
3
Are personal loans better?
Personal loans are not secured against real property, so they are usually smaller, more expensive, and harder to get.
4
What are your home loan rates?
Lenders decide based on your income, credit, and equity. As brokers, our job is to help you get the best offers. If you don't want to break your current mortgage, you can get a home equity loan with rates starting at 6.99%.
5
What are my next steps?
Call us or apply online. We'll show you how much you can save and what you might qualify for, collect some documents, and present the best options on the market.

Paid off $25,000in credit card debt
Paid contractors $15,000for emergency repairs
Received $10,000for expenses
Case Study: $50,000 Approved
Connor and Emily are in their mid-thirties and they inherited their home from their parents a few years ago. Connor is working as an apprentice for a local electrician so he doesn't make a lot of money yet, and Emily just started her new job in software sales after working as a nurse for her entire career.
The couple had about $25,000 of credit card debt but they were making ends meet, until they realized a few things around their house that needed fixing but they couldn't pay for it. They spoke with a few banks but were declined based on their income and credit.
How 360Lending helped Connor and Emily
We advised Connor and Emily to get an estimate from local contractors who confirmed the repairs would cost about $15,000.
The clients wanted $50,000 to pay for the repairs as well as to pay off their debt and get some extra cash on hand.
Our team was able to confirm their property's value along with the extent of the water damage by having an appraisal completed.
Results
Connor and Emily were approved for a $50,000 home equity loan with an affordable monthly payment. They repaired the water damage, paid off their debt, and got an extra $10,000 to help with other expenses.
Get an estimate of your monthly payment:
Home Equity Loans in Ontario, Canada
We recommend getting the following documents ready to ensure a seamless experience:
2 valid IDs (i.e. passport)
Direct deposit (or void cheque)
Home insurance
Mortgage statement
Property tax bill