Equity-Based Mortgage
Services In Canada
Your house is more than a place you live in – an essential financial investment. An Equity-Based Mortgage taps into the potential of your home for large bills, investments, or debt repayment. Diverse Mortgage Group delivers personalized solutions that help you conveniently leverage your house equity.
What Is An Equity-Based Mortgage?
Equity-Based Mortgage is simply a loan to homeowners to tap the equity the owners have gained in their home.
Equity can be described as the difference between your home’s market value and the outstanding mortgage balance. This means you will gain more funds if you have enough equity.
Our Equity-Based Mortgage Services
At Diverse Mortgage Group, we offer you high-quality, tailored Equity-Based Mortgage Services in Canada for your specific needs:
Personalized Consultancy
Our professionals work closely with you to understand your financial condition and the level of equity available. We help you make a well-informed decision by presenting suitable advice for your requirements.
Low Equity-Based Mortgage Rate Options
We connect you with lenders offering some of the lowest equity-based mortgage rates available in the market, so you will receive a competitive rate that fits within your financial plans.
Variety Of Flexible Repayment Terms
Our varieties offer flexible repayment terms, and one can choose the one that best suits them regarding budget and long-term financial goals. Whether your needs are short or extended, we will do our best to help you select the correct term.
Quick Easy Process
Our streamlined application process ensures easy, hassle-free access to funds so you can realize your equity immediately. We will handle the details to get you in touch with what is yours now.
How Does An Equity-Based Mortgage Work?
Determining the Value of Your Home
Equity is calculated by the lender's appraisal of your home's market value.
Flexible Loan Usage
You can use the funds for various purposes, such as home renovations, education, investments, or paying off high-interest debt.
Loan-to-Value Ratio (LTV)
Most lenders allow borrowing up to 80% of your home's appraised value minus any existing mortgage balance.
Separate or Combined Loan
Equity-based loans can be a standalone or a second mortgage added to your existing one.
Benefits Of An Equity-Based Mortgage
Access to Cash
Unlock the financial potential of your home without selling it.
Flexible Usage
Use the funds for any purpose, personal or professional.
Increase Property Value
Invest in home improvements to increase the worth of your property.
Lower Interest Rates
Equity-based mortgages generally carry lower interest rates compared to unsecured loans.
Debt Consolidation
Streamline your finances by consolidating high-interest debts into one manageable payment.
Tax Advantages
In some cases, the interest on an equity-based mortgage may be tax-deductible.
Why Choose Diverse Mortgage Group?
If you're looking for a self-employed mortgage services provider in Canada, you can rely on Diverse Mortgage Group.
Here's why:
Expertise You Can Trust
With over 25 years of experience, we have helped thousands of Canadians unlock their home equity.
Tailored Solutions
We know every homeowner's needs are unique and provide customized mortgage options.
Extensive Lender Network
Competitive rates and flexible terms thanks to our leading lender partnerships.
Client-Focused Approach
We care about your best interests and aim to make the process pain-free and transparent.
Proven Track Record
Whether you're a first-time buyer or an experienced homeowner, we've delivered great results for clients of all types.
Ongoing Support
We are here for you even after your loan is approved, guiding and supporting you as your financial needs change.
Expertise You Can Trust
With over 25 years of experience, we have helped thousands of Canadians unlock their home equity.
Tailored Solutions
We know every homeowner's needs are unique and provide customized mortgage options.
Extensive Lender Network
Competitive rates and flexible terms thanks to our leading lender partnerships.
Client-Focused Approach
We care about your best interests and aim to make the process pain-free and transparent.
Proven Track Record
Whether you're a first-time buyer or an experienced homeowner, we've delivered great results for clients of all types.
Ongoing Support
We are here for you even after your loan is approved, guiding and supporting you as your financial needs change.
What Our Clients Say
Take Control Of Your Home's Equity Today
If a roof is all a home is, that is a terrible start. Specialists say it may be the gateway to financial freedom through an equity-based mortgage in Canada: accessing funds to satisfy any aim or purpose. This is precisely what Diverse Mortgage Group is here for: to guide clients at every turn.
Contact us today and find your opportunity to take control of your house's equity.
FAQ
Frequently Asked Questions (FAQs)
How much equity must I qualify for an equity-based mortgage?
Most lenders require at least 15% to 20% equity in your home to qualify.
What am I allowed to use the funds for?
You can use the money for anything, from house renovations to education, investing, and debt consolidation.
Are the interest rates more significant for equity-based mortgages?
No, since it’s secured on your property, you’ll generally have lower interest rates than most unsecured loans.
How long will it take for me to receive access to my funds?
We do this in-house, so the turnaround time will only be a few days once we approve it.
Can I refinance my equity-based Mortgage?
You can refinance based on changes in your financial needs or better rates offered.
