Turn Your Home Equity into Cash, Savings or Better Cash Flow

Refinance or access home equity (like a HELOC) with confidence. Compare lenders so you get the best rate and the right strategy for your goals.

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woman using refinancing and home equity for home improvement

Refinancing & Home Equity

Sound familiar? Here’s why homeowners come to Easy House Loan.

We run a no-obligation refinance review for homeowners in Etobicoke and the GTA and show you clear dollar amounts. No jargon.

High-interest Consumer Debt

Credit cards and personal loans are eating your cash flow.

Equity Feels Locked

You built value in your home but accessing it safely feels complicated.

Worried About Penalties

You’ve got a low rate now, is breaking your mortgage worth it?

Not Sure What’s Best

HELOC, refinancing, or cash-out — which option lets you hit your goals?

Refinancing & using home equity the smart way

How We Help

Quick Assessment

Tell us your current mortgage balance and goals. We calculate how much equity you can access and what it costs to refinance.

Compare & Recommend

We shop banks, credit unions and alternative lenders to find the best cost/term for your plan (HELOC, cash-out, or refinance).

Net Savings & Penalty Review

We model net savings after breakage or penalties and show short vs long-term outcomes.

We Do the Paperwork

Once you choose a path, we handle applications, lawyer coordination, and the switch. Stress-free.

Secure Your Mortgage Renewal

Once you choose your lender, we handle the paperwork and get your approval.

Trusted by Homeowners Across the GTA

Ready to unlock your home’s value?

The Easy House Loan and Nicolas Vimard team were amazing to work with on a second mortgage. Nicolas was informative, extensive in assisting me with not only a second mortgage but a strategy on moving forward with my finances. Nicolas is tremendously sensitive to his clients needs and individual circumstances. He is extraordinary in customer service and very engaged with every question, concern or need of his clients. Response time is immediate!
Annette Palumbo

Nicolas is amazing to work with!
He definitely came through huge for us when no other broker could make it happen. He is great at communicating with and easy to get a hold of. Very good at answering questions and explaining things.

If you are looking to buy or refinance your house I very highly recommend him!
Curtis Stewart

Quick home equity Calculation

Use our home equity estimate calculator

Estimate available equity based on current market value.

This calculator uses a simple LTV-based model (max borrowable = chosen LTV × market value) and subtracts the outstanding mortgage and any closing costs to estimate available cash. Note: lenders differ in allowable LTVs, HELOC rules, and CMHC/insurer limits.

3.45%

Best Variable Rate

3.99%

3-yr Fixed Rate

4.24%

5-Yr Fixed Rate

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your home. It
allows homeowners to borrow money against the equity they have built in their property.
Home equity is the difference between the market value of your home and the remaining balance
on your mortgage.

Home value:

$900,000

Mortgage balance:

$550,000

Home Equity:

$350,000

In Canada, lenders typically allow homeowners to borrow up to 65% of the home’s value
through a HELOC.

HELOC

HELOC Rules in Canada

Canadian HELOCs are regulated by the Office of the Superintendent of Financial Institution (OSFI). Key regulations include:

The maximum HELOC portion is 65% of the home’s value

If combined with a mortgage, the total borrowing limit cannot exceed 80% loan-to-value

Borrowers must pass a mortgage stress test

How to Qualify for a HELOC in Canada

Lenders typically look at several factors when approving a HELOC.
Requirements often include:

At least 20% equity in the home

Credit score above 680

Stable Income

Acceptable debt-to-income-ratio

Property Appraisal

Find out if you qualify

Start My HELOC Review

This is the most common type. It allows borrowers to change the interest rate, loan term, or both without altering the loan amount significantly.

With cash-out refinancing, you borrow more than you owe on your current loan and take the difference in cash. This is often used for home improvements, debt consolidation, or major expenses.

This involves paying a lump sum toward your loan during refinancing to reduce the balance and secure better terms.

Available for certain government-backed loans, streamline refinancing offers a simplified process with less paperwork and faster approval.

Types of Refinancing

What Is Refinancing?

Refinancing is the process of replacing an existing loan with a new one, typically to secure better terms, lower interest rates, or improved repayment conditions. Homeowners commonly refinance mortgages, but refinancing can also apply to auto loans, student loans, and personal loans.

Book your refinance chat

Refinancing FAQ

When should I refinance my mortgage?

There are a few circumstances when it is worth refinancing your mortgage. First is if the interest have substantially decrease and the reduction will save you a lot of interest but would also cover the costs involved with the refinancing. Second, if you carrying a lot of debts and carrying balances month-over-month on your credit cards.
Generally, credit cards interest rate are much higher than mortgage rate. Using equity in your home would allow you to reduce your monthly payments.
Lastly, if you are planning a big project, such as renovation and you want to use equity in your property to fund the project.

How does a home equity loan work?

Home equity represents the difference between the market value of the property and the mortgage balance. Every time homeowner makes a mortgage payment part of the payment goes against the mortgage balance and it creates equity. The fluctuation in market value of property also affects the equity. If the market value goes up, more equity is created and vice versa.

Can I consolidate debt into my mortgage?

Yes, you can and if you are carrying big mortgage balance you should absolutely consolidate your debts into your mortgage and reduce your monthly payments. Credit card balances have much higher interest attached than your mortgage rate so you will be saving money by consolidating your debts.

Is it worth breaking my mortgage early?

Depends if the total cost of breaking your mortgage are less than the savings that you will have to refinance your mortgage. Build a spreadsheet that will outline the costs to break you mortgage and the savings. If the savings cover the costs of breaking your mortgage and more, it is worth breaking it.

How much equity can I access from my home?

This refers to the loan to value ratio and it represents the total mortgage amount over the value of the property. For residential mortgage, tier 1 financial institutions and alternative lenders are allow to advance funds up to 80% of the value of the property. For commercial mortgage the percentage goes down to 70%. Note that in both cases, residential and commercial the percentage will depend on the location, type of properties and its usage. If you use a private lender, the percentage can go as high as 85%. Important to keep in mind that with private lenders, the higher the loan-to value (ltv), the higher the interest rate.

Ready to unlock your home’s value?

Start My Refinance Review