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Canada Credit Equity Home Line


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I live in Canada, What is a good interest rate on home equity loan?

I have a good credit score and I have about 30,000 equity in my home...I'm looking for a good line of credit without any fees to start up. Which lender should I borrow from for the absolute best interest rate? RIght now TD says they'll offer me prime plus 1 which is 3.5%, i'm looking for something like 3% without the 500 dollar fee to start the line of credit. Any ideas?


There are a lot of benefits when you have a home equity. First of all, it increases the value of your home. Moreover, you can make use of it so you will be able to improve your credit rating should you decide to apply for a home equity loan.nBut do you exactly know how to make good use of your loan? Just to help you out, here are 4 tips for you. Be careful when you're applying for a home equity loan If you're familiar with standard bank loans, then you will know how this works. When you're going to apply for a conventional loan in a bank, you will have to provide collateral, which can then function as your secure deposit. It lowers down the risks of banks in entering on a loan with you.

CMHC Mortgage Rule Changes - Home Equity Line of Credit


Today we're here to talk about home equity lines of credit and the new CMHC changes announced earlier this week. A home equity credit is a ...


Home equity loan for a rental property located in Morristown, New ...

I am a landed immigrant in Canada, living in Edmonton. I have tried to get a home equity loan on my property located in Morristown, New Jersey. I have approached several major US-based lenders. I have been refused the loan because I am not a US permanent resident. I need your help to locate a financial institution (American or foreign) willing to work with me. I have an acceptable US credit score and my job in Canada is steady and well paid (I work for the Government of the province of Alberta). I want to use the funds to consolidate my debt. Thank you for your assistance!

wongmartines,

I may have something for you. I cannot go into second position behind any other mortgage, but the loan I have could make sense. Even if you have tried Wachovia, still contact me because the loan I’m thinking of is fairly new to the bank and many of the bankers aren’t familiar with it yet. I recently did a refinance for a non-resident alien with this particular loan, so I know that it is possible.

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