If you live in the Barrie area and own your own home then we can help get your approved for a home equity loan.
These are great for debt consolidation, purchase investments, renovations and much more!
Barrie area home equity loans come in many different forms or borrowing products. These types of loans are available in the form of a first mortgages, second mortgages, third mortgages, or a HELOC (home equity line of credit), or a refinance on a property that is mortgage-free.
For the most part though, when someone says that they are looking for a home equity loan, they are usually referring to secondary funding that is in addition to their existing first mortgage or second mortgage.
Typically someone in the Barrie or surrounding areas that is looking for a home equity loan is usually looking to take out cash money from the equity they have available in their home, rental property, cottage, etc. It’s common for a borrower who is looking for a home equity loan option to use these funds for reasons such as consolidating credit card or other debts, investing in another property or vacation home, paying tax arrears, alleviating cashflow challenges, paying for school tuition, paying for education loans, financing your travel plans, and much more.