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Equity financing gives Canadian home owners real money management options
Many Canadians have a large amount of equity built up in their existing homes. There is a full range of mortgage options that are available enabling you to tap into this resource. This extra cash can be used toward:
- Debt Reduction
- Rental/Investment Property
- RRSP/Mutual Funds
- Education
- Renovations
Here are some of the options available to Canadian home owners:
- Canadian Mortgage Insurance Premiums
- Increases made to Debt Coverage Ratios
- 25, 30, 35 Year Amortization
- 80% Home Equity Line of Credit
- 95% Refinance Mortgage
- 95% No Proof of Income Refinance Mortgage (Alt-A Program)
- 75% Stated Income Equity Refinance Mortgage (Flex Equity Program)
- Second Mortgage
Have a mortgage question?
The number of mortgage financing products available to Canadians has expanded rapidly over the past few years. Call to find out which financing option is best suited to your circumstances.
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