Use Your
Equity

Built up equity in your home? Take advantage.

Is This Right for You?

If you’re a homeowner and have built equity in your property, this option could be a smart financial move.

What Can It Be Used For?

You can access part of your home’s equity to cover major expenses—like home renovations.

Put Your Home Equity to Work

As you pay down your mortgage and your property gains value, you build equity in your home. For example, you might have started with an 80% loan-to-value ratio, but after five years, it could drop to 60%. That means you now have additional equity available—cash you can access and put toward other financial goals.

How a Mortgage Equity Takeout Works

A mortgage equity takeout (also called a home equity loan) allows you to borrow against the value you’ve built in your home. This money can be used in many ways, including:

  • Funding home renovations or upgrades.

  • Paying off high-interest debt.

  • Making a down payment on a vacation property or investment real estate.

If you have sufficient equity, accessing those funds through the right mortgage solution can be straightforward and cost-effective.

Options for Using Home Equity

There are different ways to structure an equity loan, depending on your needs:

  • Fixed Amount, Fixed Rate – A set loan amount with predictable monthly payments.

  • Fixed Amount, Variable Rate – A lump sum with interest tied to market fluctuations.

  • Home Equity Line of Credit (HELOC) – Flexible borrowing where you draw funds as needed.

  • Shared Equity Mortgages – Alternative structures where repayment terms vary based on agreements.

The best option depends on your financial situation and goals—which is why working with a knowledgeable broker is key.

The Lendcentre Approach

At Lendcentre, we believe smart financial decisions start with understanding the bigger picture. If you’ve built significant equity in your home and need funds, tapping into that equity can be one of the most affordable ways to borrow—especially with today’s low interest rates.

Here’s how we help:

  • Assess your overall financial profile.

  • Identify the equity takeout solution that fits your goals.

  • Negotiate with lenders to secure the most favorable terms.

With our guidance, you can make your home equity work harder for you—whether it’s for personal use, investment, or long-term financial growth.