Home Equity lLine of Credit

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Need a Home Equity Line of Credit in Hamilton?

We specialize in unique situations and WILL get you funded quickly!

A loan from Ned Kuruc is simply a mortgage against your property or any other real estate you own. We offer first, second and, in certain cases, third mortgages. You can borrow for needs such as a home renovation, debt consolidation, starting a business, temporary needs, and more.

It’s highly likely the value of your home has increased since you bought it. Now is a great time to access money based on the increased market value of your home.

Own your home?

You’re approved.

Unlike traditional banks, all you need to qualify for a loanis to own your home. We make the process as quick and easy as possible. No matter the situation we work with you.

How It Works

  1. Call us or apply online
    Talk to one of our friendly advisors to help us understand your situation and your goals.
  2. Follow our process
    Follow our simple yet effective process to qualify for the best offers.
  3. Receive your funds
    Once you sign your paperwork, the funds will be released usually within 5-8 business days.

How much equity do you have?

To find out how much equity you have in your home, simply subtract the amount you still owe on your mortgage from the current value of your home. For example, if you have a $500,000 balance left on your mortgage and the current value of your home is $1,000,000, your home equity value would be $1,000,000 – $500,000 = $500,000.

A home equity loan allows you to convert your home’s locked value into capital which can help you meet your financial needs.

How Home Equity Line Of Credit Work For You

It is a type of credit that enables you to tap into funds at a much lower rate than credit cards or personal loans. With HELOC your home acts as collateral. Basically, as you pay off your mortgage your home equity rises and then that equity is used to secure your loan. This home equity line of credit in Toronto is somewhat similar to a second mortgage or a credit card but with better rewards. Since your home is the collateral that ensures that you pay off the loan, you are able to get an amazing low rate.

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