HELOC Toronto

A home equity line of credit, or HELOC, is tied directly to the equity you have in your house or condo; your current income or credit history has no bearing on the matter. The math is simple: we confirm the value of your property, deduct your existing mortgages from that figure, and give you access to up to 90% of the net balance. For example, if your property is worth $750,000 and your outstanding mortgage is $400,000, with Cannect you may borrow up to $315,000 with a HELOC, regardless of your income.