How to navigate the home equity market with confidence
Home Equity News
Find the latest home equity and mortgage financing news on the Cannect blog.
Staying updated with the latest home equity and mortgage news on the Cannect blog helps you make smarter financial choices. Our blog provides current information on market trends, new mortgage products, and practical advice. By following our updates, you can take advantage of emerging opportunities, navigate potential risks, and optimize your mortgage or home equity plans. Whether you’re looking to refinance, renew, secure a new mortgage, invest, or explore home equity options, our up-to-date content ensures you know how to make decisions that align with your financial goals and maximize your returns.
In a significant move to make homeownership more attainable, Canada has introduced 30-year amortizations for first-time buyers and...
When securing a mortgage, finding the best rate is crucial, especially in Ontario’s competitive real estate market. Homebuyers...
Refinancing your mortgage can be a strategic financial decision, but timing is everything. Whether you’re looking to reduce...
Know your equity. Know your options.
Home equity loans. What they are, and when you’d want one.
Borrowing options for homeowners
CannectFlex loan
A fast, flexible-term home equity loan that sets you up to save when it’s time to renew your mortgage.
Loan amount
$25k – $1 million
Typical interest
5.49 – 9.99%
Typical fees
Moderate
Terms
Flexible
Time to close
As fast as 24 hours
Credit/income requirements
Flexible
Home equity line of credit (HELOC)
Available credit that you may use on an as needed basis, but may lead to an increased mortgage rate when it’s time to renew.
Loan amount
$5k – $500,000k
Typical interest
3.85% – 7%
Typical fees
Low
Terms
Strict
Time to close
A week or more
Credit/income requirements
Strict
Mortgage refinancing
A slow to secure, long-term, refinanced mortgage that combines all your debt. If it costs less to refinance now, Cannect gets you these savings.
Loan amount
$25k to $1 million or more
Typical interest
2.49 – 3.25%
Typical fees
High
Terms
Strict
Time to close
A week or more
Credit/income requirements
Strict
Competitor 2nd mortgages and home equity loans
A home equity loan at a higher interest rate than your current mortgage, from competitors who don’t have your long-term savings in mind.
Loan amount
$25k – $1 million
Typical interest
7 – 11%
Typical fees
High
Terms
Strict
Time to close
A few days or longer
Credit/income requirements
Moderate
See how we help you save over the competition
Appraisers directory
When you need a new, independent verification of the valuation of your home to confirm you get the best value when accessing your equity, this is the place to start.
Not ready to get a quote?
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