HOME EQUITY LINE OF CREDIT

Let the equity you’ve built up in your home work for you. Open up a Home Equity Line of Credit through sunlitemortgage.ca

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TAKE CONTROL OF YOUR FINANCES WITH A
HOME EQUITY LINE OF CREDIT.

GET A HELOC THAT FITS YOUR NEEDS

WITH SUNLITEMORTGAGE.

A Home Equity Line of Credit, or HELOC as it’s known, allows you to borrow up to a certain amount of the appraised value of your home at low mortgage interest rates. You can borrow as much, or as little, as you need and only pay interest on what you use. 

As you pay down the principal on your mortgage over time, the line of credit limit increases, giving you access to more of your money. This can create breathing room to accommodate emergency expenses, credit management ,or even home renovations.

A HELOC can be used in addition to your mortgage or as a stand-alone product. That means you can refinance your home by using a HELOC; with the remaining balance being paid as a fixed-term mortgage!

It’s that flexible!

BREAKING DOWN THE HOME EQUITY LINE OF CREDIT

1-866-I CAN LEND (422-6536)

A home equity line of credit and credit card are very similar in some ways but there are distinct advantages by choosing to secure a HELOC.

For example, you get a much better interest rate coupled with a flexible repayment schedule and fixed spending limit (based on home equity).

Some of the benefits of a HELOC that homeowners find most attractive are:

  • Predetermined spending limits
  • Easy access to available credit
  • Lower interest rates than other types of credit
  • Only pay interest on what you borrow
  • Zero time-based limitations
  • Ability to pay off bills at lower interest rates
  • Rates are negotiable based on your situation

WHY OPT FOR A HOME EQUITY LINE OF CREDIT?

A home equity line of credit gives homeowners the freedom to spend their money when they like and repay it in a way that best
suits their financial needs. It is the ideal choice for homeowners who need continuous access to equity on their own terms.

Not only is the repayment schedule flexible, but the interest rate you pay on a home equity loan, while higher than that of a first mortgage, is drastically lower than what you’d pay on a credit card or other consumer loans.

SEE THE GREAT THINGS OUR CLIENTS SAY ABOUT US:

Clients

quick response

Thanks to Stalin who made everything happen with ease. He was always available to answer all our questions and concerns and was able to make the process so much easier.

Maria marticorena

Lawyer
Clients

amazing

I have been dealing with Matthew Waylett to arrange a second mortgage. During the process, I had some other events happen in my life, which kept me from focusing on the task. Matthew was exceptionally patient and diligent during the entire process. I can recommend Matthew without hesitation. His dedication & efficiency were very much appreciated!! Keith

Keith Elliott

Web Developer
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Very Helpful

Awesome experience, Stalin helped immensely, highly recommend 🙂

Robert Gairdner

Editor and Publisher
Clients

Greate Service

Thank you Shamus for your quick response and looking after us in a professional manner. We would highly recommend you to family and friends.

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