Home Equity Loan
Mississauga Mortgage Agent
A home equity loan allows a borrower to use the equity in their home to secure a loan. The amount of available equity in a home is calculated by assessing the current value of the home and then subtracting the current mortgage(s) still owing on the home from the value. Home equity loans are a great option for homeowners with bad credit or low income, or in many cases people who are self-employed who report their income differently than those who are salaried employees of a company. Types are Home Equity Loan are:
- Fixed Rate Loan or a Second Mortgage
- Home Equity Line of Credit (HELOC)
Please contact Deep Das Your Personal Mortgage Broker for Life, who specializes in helping people in the GTA and all over Ontario in financing their infill housing projects. Deep Das believes that every customer deserves the best care and service when purchasing or refinancing the home of their dreams.