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.
We've helped thousands of borrowers in Toronto and the GTA, and we're ready to help you secure the financing you need for today while creating the best plan for your future. Our service is designed to give you access to the equity in your home without incurring the fees and penalties that come with a mortgage refinance, and sets you up with the flexibility that lets you save even more when it's time to renew your existing mortgage.
Our services are designed with the objective of getting you the lowest possible interest rates and avoiding costly penalties by finding the right balance of home equity loans and mortgages, customized just for you. Our flexible loan terms ensure you're always using the best borrowing option for your needs. With our unique online and in-home service, you can secure a private home equity loan in as little as 24 hours, and begin to move towards a stronger financial future.