Home Equity Loans


Trying to pay off multiple loans or faced with a sudden expense with no liquid funds in your account? Using the equity in your home can be a great way to access cash quickly, to cover unexpected expenses that happen or even to consolidate current loans.  Home equity loans are attractive to borrowers as it is money that is available based on the value of your home.

Home Equity Loans are calculated by taking the difference between what you owe on your home and your home’s market value. Home-equity loans come in two variations – fixed rate equity loan or a variable Home Equity Line of Credit (HELOC).

The difference between the fixed loan and the HELOC depends on your needs. A fixed rate Home Equity loan is great for a one-time large expense, where the HELOC is revolving credit. available to use, pay back, and use again during certain term. Monthly payments vary based on the amount of money borrowed and the current interest rate.

The benefits of home equity loans

We understand there are many reasons to consider borrowing against your home equity and in many cases, it might be the only source of funding available for large expenses. In order to be competitive with other types of loans, home equity loans offer several advantages.

guarantee of approvalGuarantee of Approval: Since you are using the home to borrow against. It serves as an assurance, therefore it is generally easier to qualify for a home equity loan than other loans because you are using your home as security.

low interest ratesLow Interest Rates: Interest is typically lower than credit cards and personal loans because your home is used as collateral.


no questions askedNo Questions Asked: You can use the home equity loan for whatever you want.


no change in paymentNo Change in Payment: Fixed monthly payment and interest rate are an attractive feature of a fixed rate home equity loan, no added fees will be applied, therefore you can plan your monthly payment easily. With a variable HELOC – you only pay back what you borrow. Just that easy!

When to apply?

Applying on a home equity loan can be done at any time through reputable lenders.

Ready to apply for Home Equity Loan online? Click here and apply.

Still have questions about unsecured personal loans in Canada? Contact a Lend for All representative for more information.

Lend For All     1 King St W Suite 4800 -24 Toronto, ON M5H 1A1   |  +1 800-532-4505

Disclaimer: Lendforall Canada/Lendforall.ca is not a lender, does not make offers for loans, and does not broker online loans to lenders. Submission of a loan request to this website does not guarantee an offer or an approval for a loan. Lendforall Canada is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by Lendforall Canada or them of us. This content is provided by Lendforall Canada and is free of charge with no obligation to continue with the third party.

Lendforall.ca is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Lendforall Canada strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products. We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.