Home Equity Line of Credit
HELOC Features:
- Variable terms range from 1 to 5 years with rates and fees starting at Prime + 4.79% and a lender fee of 3.5% **NO annual renewal fees for variable term**
- 1st or 2nd Position Charge on a property (can use multiple properties within Ontario)
- Fully OPEN Home Equity Line of Credit (HELOC)
- NO Minimum Balance to Carry
- NO 3 months interest penalty to discharge early
- Credit Limit of $35k to $2,000,000
- AVOID Costly Private Money Renewal Fees with up to a 5 year term!
- 75% LTV on appraised value. (80% on a case-by-case basis)
- Appraisal required from our approved appraisers list
- Equity Lender = NO Income & NO Credit Required
LIFT HELOC Is Ideal for:
• Good for Renovations, Fix'n'Flip, and Investments
• Debt Consolidation
• BRRR - Provides flexibility just like a traditional HELOC
Click Here to download our Product Sheet
NEW Pick-A-Payment Program
A flexible payment options for your clients.
- Starting at Prime +4.79%
- Up to 75% LTV
- One or two year terms
- First Mortgage only
Click Here to download our Product Sheet
Minimum Document Required:
Easy Application Process
A simple application process is key to helping client have an stress-free start.
Mortgage
Statement
A copy of your current Mortgage statement showing the owing balance.
Property
Tax Bill
Any outstanding Property Tax liability.
Have Questions? Speak to an expert today!
General HELOC FAQ
HELOC gives you the flexibly to access your funds anytime.
