Compare borrowing options for Canadian homeowners

With our standout low rates, flexible terms, fast and efficient service, and our long term approach to considering your financing needs, we are confident in saying Cannect offers the best borrowing option for Canadian homeowners.

Take a look for yourself.

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

Documentation

Minimal

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

Documentation

Substantial

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

Documentation

Substantial

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

Documentation

Moderate

Stricter rules in 2018 mean more costly borrowing today. We’re here to help.

We know millions of Canadian homeowners just like you are finding it more and more difficult to borrow money, whether you are looking to consolidate your debts into a more manageable monthly payment, renovate your home, or make an investment.

Without certain income and credit requirements it is very difficult to borrow money from the big banks, with RBC, Scotiabank, BMO, and TD becoming more and more restrictive with their lending.

While there are still many alternative loan options to choose from, they often involve locking you into inflexible, higher rate borrowing that will cost you tens of thousands of dollars in fees and added interest.

As homeowners ourselves, we launched Cannect to provide the kind of flexible, high value service we believe every Canadian deserves.

Gain long term financial flexibility with Cannect

As the Canadian real estate and lending market becomes more complicated, Cannect simplifies how you can use the equity in your home to borrow money at the best possible rates.

Regardless of whether you have an existing mortgage (or two, or three) on your home—regardless of what your bank may have told you—Cannect will find the most effective way for you to borrow money.

Our goal is to provide you the best short-term loan solution for long-term value, so you can work towards the lowest possible interest-rate mortgage, without added fees or penalties and costly long-term debt.

or call us at 416-766-9000

Not convinced yet? Shop around and see for yourself.

You could take our word for it or take a look around and compare. Private second and third mortgages are offered by many companies and major Canadian banks. See how they compare, then come back to apply for a CannectFlex loan and set yourself up for long-term savings.

Compare borrowing options for Canadian homeowners

With our standout low rates, flexible terms, fast and efficient service, and our long term approach to considering your financing needs, we are confident in saying Cannect offers the best borrowing option for Canadian homeowners.

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

Typical interest

Typical fees

Terms

Time to close

Credit/income requirements

Documentation

Home equity line of credit (HELOC)

Loan amount

Typical interest

Typical fees

Terms

Time to close

Credit/income requirements

Documentation

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

Typical interest

Typical fees

Terms

Time to close

Credit/income requirements

Documentation

Competitor 2nd mortgages and home equity loans

Loan amount

Typical interest

Typical fees

Terms

Time to close

Credit/income requirements

Documentation

Stricter rules in 2018 mean more costly borrowing today. We’re here to help.

We know millions of Canadian homeowners just like you are finding it more and more difficult to borrow money, whether you are looking to consolidate your debts into a more manageable monthly payment, renovate your home, or make an investment.

Without certain income and credit requirements it is very difficult to borrow money from the big banks, with RBC, Scotiabank, BMO, and TD becoming more and more restrictive with their lending.

While there are still many alternative loan options to choose from, they often involve locking you into inflexible, higher rate borrowing that will cost you tens of thousands of dollars in fees and added interest.

As homeowners ourselves, we launched Cannect to provide the kind of flexible, high value service we believe every Canadian deserves.

Gain long term financial flexibility with Cannect

As the Canadian real estate and lending market becomes more complicated, Cannect simplifies how you can use the equity in your home to borrow money at the best possible rates.

Regardless of whether you have an existing mortgage (or two, or three) on your home—regardless of what your bank may have told you—Cannect will find the most effective way for you to borrow money.

Our goal is to provide you the best short-term loan solution for long-term value, so you can work towards the lowest possible interest-rate mortgage, without added fees or penalties and costly long-term debt.

or call us at 416-766-9000

Not convinced yet? Shop around and see for yourself.

You could take our word for it or take a look around and compare. Private second and third mortgages are offered by many companies and major Canadian banks. See how they compare, then come back to apply for a CannectFlex loan and set yourself up for long-term savings.

Capital Direct

360 Lending

RBC home equity loan

Fisgard

Matrix Mortgage

Scotiabank home equity loan

Credit Butler

Alpine Credit

TD home equity loan

Nu-Borrow

BMO home equity loan

CIBC home equity loan

Ready to get started with Cannect?

Our home financing services include our short-term CannectFlex loans, new mortgages, mortgage refinancing, and more.

CannectFlex home loan

Get a low interest, short term loan today, without incurring mortgage penalties.

New property purchase

If you’re purchasing a new property, start here.

Learn more

Refinance an existing mortgage

If you’re looking to make a change to your current mortgage, start here

Learn more

Don’t need a quote today?

Sign up for your personalized property value report so you’ll know your options when it’s time to borrow or renegotiate your mortgage.

Know your equity. Know your options

BORROW

GET STARTED

INVEST

ABOUT

BORROWING SERVICES

Cannect – Brokerage No. 13079