When it comes to major expenses such as medical bills, business funds, home renovations, and other unexpected emergencies, it is never a good idea to use a credit card or break into your hard-earned savings because it will cost you so much more in the long run due to the high interest rates. Canada East Mortgages offers an excellent home equity loans service, a much safer and sensible alternative in which you use your home as collateral for a low-interest loan. With a minimum of 20% equity in your home, you can qualify for a loan amount up to 65% of your home value, and a maximum of 80% by combining it with your regular mortgage. Depending on your financial situation and preference, you may choose between a fixed-rate loan or a home-equity line of credit (HELOC). While a fixed-rate loan has a pre-approved interest rate and payment term that does not change, a home-equity line of credit gives you more room for flexibility with its variable interest rate as long as your payment is completed before the end of the loan term. In either case, our home equity loans Oshawa representatives will search for the best opportunities by closely monitoring the latest financial news and trends so that you can get the funds you need at the lowest interest rate.
Our home equity loans service, as well as our other exquisite financial services including mortgage refinance, second mortgage, and debt consolidation, are available in the regions of Oshawa, Toronto, North York, Scarborough, Etobicoke, Markham, Vaughan, Richmond Hill, Ajax, Pickering, Peterborough, and Newmarket. Canada East Mortgages always puts the customer’s needs first and you can read about our dedication on the testimonials page. Contact us to learn more about our company and ask our talented agents about how you can take advantage of our excellent services today!