Greater Toronto Area

Apply For a Digital HELOC Home Equity Line of Credit

Instead of waiting weeks, now you can lock a rate, share some financial info, and get a HELOC Commitment Letter within the next 48 hours.

Looking To Borrow?

TALK TO OUR ADVISOR TO GET YOUR BEST OPTION
& PRE-APPROVAL

CALL[647] 360-3039
OR
Apply Online
  • Access $50k-$500k line of credit
  • Access up to 85% of the property value
  • No minimum credit requirement

How much are you looking to borrow?

25К

500К+

Next

Select your most important goal

Remaining Mortgage Balance

0K

1.5M+

Next

Estimated Home Value

500K

3M+

Next

What’s the address of your potential HELOC property?

Next

Share a Bit About Yourself

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Fast Approval
(48 Hours)

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For primary, secondary
and investment homes

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Borrow Equity From
Your Home

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Lower your rates and
monthly payments

Why Choose a Home Equity Loan?

Leverage the equity you’ve built into your home and accomplish your goals.

  • Access the Funding you Need, Stress-Free

    We make sure you have the funds you need, when you need them.

  • Streamlined Application Process

    There’s no need to jump through hoops. We make sure the application process is simple and to the point, and will help guide you each step of the way.

  • Competitive Rates + Flexible Use of Funds

    We are committed to your financial success, and will find the best rates possible. It’s your money, your decision.

Apply Online

Why Get a Second Mortgage?

Whether it’s a home renovation project, or to pay off other large expenses, you can cover the cost stress-free with a second mortgage.

  • Leverage the Value of your Home

    Your home is more than just a place to live. Take advantage of the financial opportunities your home provides.

  • Get the Financing you Need on Your Terms

    Our goal is to help you achieve your financial aims. We’ll work alongside you to make sure you get the financing that works for you.

  • Flexible Repayment Options

    Everyone’s financial situation is unique—your financing should be too.

Apply Online

Why Should you get a Home Equity Line of Credit? (HELOC)

Take advantage of the financial flexibility that your home provides.

  • Competitive Interest Rates

    Borrowing from your equity can help lower your interest rate.

  • Flexibile and Customized Repayment

    Pay interest only or your outstanding balance at your convenience.

  • Access What you Need, When you Need it

    Take control of your finances and borrow only what you need with a HELOC.

Apply Online

Why Choose to Refinance?

Have your finances suit your financial needs and goals.

  • Lower Interest Rates

    Learn what savings are waiting for you with lower interest rates and a new loan structure.

  • Consolidate your Debt

    Simplify your finances and repayment by combining your debts through refinancing.

  • Reduce the Cost of Borrowing

    See what you can save over the life of your mortgage through renewed financing.

Apply Online

Why Choose Debt Consolidation Loans?

Eliminate stress, save more and simplify your finances with just one monthly payment.

  • Manageable Monthly Payments

    Simplify your finances with one monthly payment.

  • Save Money with Lower Rates

    Combine your debts and get a lower rate so you can save more.

  • Pay Off your Debts Faster

    Lower rates and streamlined repayment lets you pay off your debt faster, stress-free.

Apply Online

Why Choose a Home Improvement Loan?

Increase your home’s value and live more comfortably
with a Home Improvement Loan.

  • Increased Property Value

    Create the space you’ve always wanted while getting a return on your investment.

  • Improved Standard of Living

    Enjoy your newly renovated home without the financial stress.

  • Flexible and Customized Financing

    We will help you explore your options, and provide personalized advice every step of the way.

Apply Online

Why we are Toronto’s best choice for a Home Equity Loan

Home equity loans are the fastest and easiest way to get money from your home regardless of your age, income or credit score.

Why Borrow?

Depending on your borrowing needs,
here are some options you can use
home equity loan for:

Apply For a Digital HELOC
  • Pay off credit cards
  • Business loan
  • Family member in need
  • Debt consolidation
  • Invesment
  • Renovation
  • Tax debt
  • Vacation

How to get started

Apply Online in Minutes

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Equity available

$495,000
  • Access $50k-$500k Line of Credit
  • Access up to 85% of the property value
  • No Minimum Credit Requirement
Apply Online

  1. Apply Online

    Apply for the HELOC with
    one of our financial advisors.

  2. Get Approved

    Our financial advisor gets you
    approved for the program.

  3. Get Your Funds

    Receive your funds
    directly in your account.

What Our clients Says

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stars
stars5
What an incredible team at Advance Mortgages! Their unmatched ability to understand clients' needs and underwriting expertise make for an unbeatable combination. They not only offer solutions but create tailor-made matches between borrowers and lenders. Exceptional professionalism and a pleasure to collaborate with. Highly recommended!
Emily S
Toronto
stars5
My introduction to Advance Mortgages was a revelation. As a first-time client, my inquiries were endless, yet they were patient guides, erasing all my doubts. Their competence and transparent communication made the loan process a breeze. I eagerly anticipate their guidance in the coming months and beyond.
Liam J
Hamilton
stars5
They have left a lasting impression. Their flexibility and support were crucial in securing a timely home equity loan. Every bit of information and assistance was provided, leaving us delighted with their customer service. Kudos to them for their dedication.
Olivia B
Toronto
stars5
Working alongside Advance Mortgage’s was an absolute privilege. Their professionalism and skill shone through as they assisted us with our second mortgage. I wholeheartedly endorse them for anyone seeking expert financial advice.
Noah T
Ottawa
stars5
Their exceptional work at Advance Mortgages sets a high bar for the industry. Wishing them continued success in their endeavors.
Ava M Niagara Falls
stars5
A heartfelt thank you to Advance Mortgage’s for their unwavering dedication. Their professionalism is matched only by their genuine care for clients. They're not just solution providers; they're partners who listen, understand, and take action. I wholeheartedly recommend Advance Mortgages without hesitation.
Lucas P
Mississauga
stars5
As a self-employed individual, obtaining a home equity loan was a worrisome prospect. However, the journey was effortless thanks to Advance Mortgages. Their effective communication and expertise made the process smoother than I could have imagined. Highly recommended.
Mia T
Barrie
stars5
Impeccable service is an understatement! From the very beginning to the end, the team at Advance Mortgages radiated warmth and professionalism. An easy recommendation to anyone seeking excellence.
Ethan W
Toronto
stars5
My experience with Advance Mortgages deserves a perfect 10 stars!They provided realistic solutions that have transformed my situation. Their constant support and dedication set them apart. A heartfelt thank you for being there every step of the way.
Sophia C
Markham
stars5
Their professionalism, expertise, and support went above and beyond expectations. Grateful for the exceptional experience!
Isabella W
Brampton
stars5
Advance Mortgages were beacons of support throughout the process. Their responsiveness and willingness to assist, no matter the time, made a complex task feel manageable. An immense thank you for your invaluable help.
Jackson L
Bowmanville
stars5
Advance Mortgages redefines excellence. My husband and I are grateful for the transformation they've brought into our lives. Their professionalism and unwavering support have made all the difference. You are truly amazing!
Emma G
Toronto
stars5
A remarkable team that goes the extra mile. Advance Mortgages met every need promptly and efficiently. I wholeheartedly recommend their stellar services to anyone seeking financial solutions.
Sophia P
Mississauga
stars5
My first borrowing experience turned into a positive memory, thanks to Advance Mortgages. They provided clear information, prompt responses, and a streamlined process. Looking forward to future collaborations!
Benjamin C
London

Video Reviews

FAQ

Depending on your borrowing needs, here are some
options you can use home equity loan for:

What is a home equity loan and how does it work?
A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is based on the available equity calculated by the value of the property minus any existing liens and mortgages. The borrower usually makes a fixed monthly payment for the duration of the term.
How does debt consolidation work?
Debt consolidation works by combining high-interest credit card debts into one loan with a lower interest. The primary goal is to reduce the monthly interest payment so the borrower can get out of debt permanently with the increased cash flow.
What is a second mortgage?
A second mortgage is a mortgage that's taken out on a property that already has a mortgage in the first position. A second mortgage is technically the same as a home equity loan.
Where and how do I get a home equity loan?
To qualify for a home equity loan, lenders will need to determine the value of the property and the balance of any existing liens and mortgages. The most competitive offers often require additional supporting documents to verify the borrower's income and credit history.
How do I qualify for a home equity loan?
To qualify for a home equity loan, lenders will need to determine the value of the property and the balance of any existing liens and mortgages. The most competitive offers often require additional supporting documents to verify the borrower's income and credit history.
Can I get a home equity loan with bad credit or no income?
Yes, lenders will consider other factors such as the strength of the property, amount of equity available, and most importantly the client's story.
What is the interest rate for a home equity loan?
Home equity loan interest rate is always determined on a case by case basis based on the condition and location of the property, amount of equity available, and the strength of the borrower. It is almost always lower than personal loans and/or credit cards.
How long does the process take to get a home equity loan?
We will match our client's pace. Generally speaking, once the paperwork is completed, funding will take place within 7 to 10 business days. For more urgent situations, such as stopping Power of Sale, we have closed deals in as quickly as 4 days.

Apply Online in Minutes

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Equity available

$495,000
  • Access $50k-$500k Line of Credit
  • Access up to 85% of the property value
  • No Minimum Credit Requirement
Apply Online
Home Equity Line of Credit

Why we are Toronto’s best choice for a Home Equity Loan

Home equity loans are the fastest and easiest way to get money from your home regardless of your age, income or credit score.

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