Home equity loans in Canada are a great way to access extra cash when you need it. You can use the money to consolidate debts or pay for home improvements, emergency expenses or make a purchase you’ve been planning for. A home equity loan means you are using the equity in your home to take out a loan from a lending institution. That means you have to own a home to take out a home equity loan in Canada.
In Canada there are many reputable companies that offer home quity loans. Their approval process is usually pretty simple, and you can apply for a home equity loan from the comfort of your home. It’s easy to get approved as long as you meet the qualification requirements. Here at Smarter Loans you’ll find a list of companies in Canada that can provide you with a home equity loan. Simple take a look at the table below to explore your options. Once you find a lender you like, click “Apply Now” next to their listing to go directly to their application on their website. Alternatively you can pre-apply right here on Smarter Loans, and we will connect you with a suitable lender for your situation. One of our partners will reach out to you shortly to process your home equity loan request.