Loan option
Home Equity Loan in the GTA
A home equity loan converts a portion of the value you've already built up in your home into a lump sum, structured separately from your existing first mortgage when you don't want to break it.
When homeowners use a home equity loan
- Lump-sum projects with a known cost (renovation, vehicle, tuition)
- Consolidating revolving debt into a single payment
- Helping family with a down payment or major expense
- Investing in business equipment or working capital
How equity-based qualification works
Most lending partners look for at least 20–25% equity remaining in the property after the new loan is in place.
As a general Ontario rule, lending partners want the combined balance of every mortgage that will sit against the property — first, second, and so on — to land at roughly 75%–80% of the appraised value. We are a referral service, not a lender; final pricing and approval are determined by the licensed lending partner.
Home Equity Loan by city in the GTA
Browse home equity loan options in your area. Each page reflects local housing context, but the underlying program is the same equity-based approach.
Other GTA & Ontario cities
Lending Options Across the GTA
Explore equity-based lending options by type and by city. We connect homeowners across the Greater Toronto Area with our network of licensed lending partners.