Home Equity Loan Ontario Canada

Call today to get a home equity loan up to $250,000. No credit requirements. Rates start at 6.99%.

Talk to our team today to access your home’s equity without selling your property. Get a home equity loan based on your available equity with no credit or income requirements. Apply online or get conditionally approved over the phone.

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or call 1-888-360-1022

Smart money advice for Canadian homeowners

360Lending is an award-winning digital mortgage brokerage. See what thousands of clients have to say about their experience:

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Use equity without selling

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.

Common questions from clients on home 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.

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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.