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Home equity loans in Alberta is a service that provides you quick access to cash. Whether if you need the money to make additional purchases, fix up your home, pay off expenses, or consolidate your debts, at Smarter Loans we have many many options you can choose from. A home equity loan simply means you have equity in your home that you can fall back on to help you get a loan from a lender. It is mandatory that you own a home in Alberta in order to be approved for a home equity loan.
There are many lenders in Alberta that you can turn to for a home equity loan. If you meet their minimum requirements, you can fill out their quick and simple online application and expect an instant approval decision in as little as a day. Here at Smarter Loans, we have done the preliminary research for you by providing a long list of reputable companies you can choose from. You have the choice of pre-applying through us or we are happy to pair you up with another lender that is more than qualified to get you a home equity loan in Alberta.
72.4% of Alberta’s population are homeowners, and if you’re one of this number you may be looking to secure financing against the equity in your home. To be eligible to do this, you must:
These are the basic requirements to be able to apply for a home equity loan; your chosen lender will also want to assess your financial situation to gauge whether they are comfortable approving your loan application, based on their lending criteria.
Eligible homeowners can borrow up to 85% of their home’s value via a home equity loan, minus any existing loans against the property. The average property in Alberta is worth just over $400,000, and the aver
Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.
Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.
