Home Equity Loans

As your home appreciates in value over time, you may be able to access the equity that you have built.

A Home Equity Loan is a great way to help you have access to funds that you require to meet your needs. We are able to offer some of the lowest interest rates on the market and can provide you an approval within hours.

Affording a home renovation, paying for major expenses, or finding enough money to invest in your business can be very difficult. Consolidating your debt into one lower monthly payment can save you thousands of dollars in interest each year. There are many benefits to getting a home equity loan and our knowledgeable lending specialists are here to help you find the best solution.

We offer flexible payment options. You can choose an amortized loan with monthly principal and interest payments or our interest only payment option, which enables you to lower your monthly payment. With these options, you will have peace of mind knowing that you will have a monthly payment that you can comfortably afford.

With a Home Equity Loan, you can use the funds to:

  • Consolidate debt
  • Renovate your home
  • Invest in your business
  • Pay off a consumer proposal
  • Pay mortgage and tax arrears
  • Purchase an investment property
  • Purchase an automobile
  • Bridge finance
  • Pay for wedding expenses
  • Pay for education
  • Cover medical expenses
  • Finance whatever your specific needs may be
Your Home Equity Loan Checklist

Home equity loans are a valuable tool to help you achieve your financial or personal goals and utilize the value that you’ve built up in your home. 8ight has helped countless Canadians get a home equity loan that fits their needs to move forward in life. Below is our home equity loan checklist. If you fit these criteria, then we can help you right away.

Do you have steady income?

Since this loan will be one that runs concurrent with your existing mortgage, the first item on our home equity loan checklist is do you have the income to make the monthly payments? You can be on a salary, commission income, contract or self-employed, we will work with you to provide a loan that fits comfortably within your budget.

Do you have a goal in mind?

Money is always nice to have, but it’s important to have a clear goal for how you want to use the funds. A 8ight Financial home equity loan can help you:

  • Consolidate debt
  • Pay for college/university
  • Pay for wedding expenses
  • Pay off a consumer proposal
  • Invest in property
  • Invest in a business
  • Or pay for home renovations

Choosing the right lender can make all the difference!

Just like a great loan can help you move forward in life, a bad one can set you back years. It’s important to make sure you have a trustworthy lending company that is highly recommended before you sign on the dotted line.

If you are looking to take out a home equity loan, or are interested in home equity loan rates, 8ight Financial Corp is the right loan company for you. To get started, simply call us at (416) 409-1342 and one of our lending specialists will be pleased to assist you.