One application. 7 lenders.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
Usually up to 80% of its value, less what you still owe. A second mortgage is limited to 80% of the appraised value minus the balance of your mortgage, and a home equity line of credit stops at 65%. The lender lends against an appraisal, not your purchase price, so a home that has risen in value gives you more room.
Seven in our network, and one application reaches all of them. They lend $15,000 to $100 million. Rates run from 4% to 16%, a wide spread. The rate you get depends on how much equity you have and how strong the rest of your application is.
| Lenders | |
|---|---|
| Lend against home equity in Ontario | 7 |
| Rates | 4% to 16% |
| Pay out within two days | 1 |
| Pay out within a week | 7 |
| Consider poor credit | 7 |
| Set no minimum score | 1 |
| Income minimum | $1,500 a month |
Published lender terms, checked August 2026.
Our application goes to the lender most likely to approve the amount you enter. Ontario's mortgage lenders are on the mortgages in Ontario page, and the national list is on the home equity loans in Canada page.
Less than for any other loan. All seven lenders consider poor credit, and one sets no minimum score at all. The equity is the security, so the questions are about the home: what it appraises for, what you still owe, and whether it is insured. Income still has to be shown, at $1,500 a month or more.
One lender pays out within two days, and all seven within a week. The appraisal sets the pace. Have your mortgage statement, your property tax bill and your insurance to hand, and the lender can move quickly.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans, 13 October 2026. Lender terms checked August 2026.
Seven lenders in our network do, lending $15,000 to $100 million. Rates run from 4% to 16%, and all seven pay out within a week.
Yes. All seven lenders consider poor credit, and one sets no minimum score. The home is the security, so the appraisal matters more than the score.
Usually up to 80% of the appraised value, less the balance of your mortgage. A home equity line of credit is capped at 65%.
The published minimum is $1,500 a month, and the lender wants to see it arriving regularly.
One lender pays out within two days, and all seven within a week, once the appraisal is done.
