Home Equity Withdrawal

The money you need may already be in your home

Home Equity Withdrawal

Every mortgage payment and every increase in your property's value has built your equity: the portion of your home that truly belongs to you. Equity withdrawal allows you to access it — often at the lowest borrowing cost available — to renovate, invest, help a child with a down payment, or consolidate your debts.

Calculate my available equity
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How much can you access?

You can generally borrow up to 80% of your property's value, minus your mortgage balance. For example: a $500,000 home with a $250,000 balance could give you access to approximately $150,000.

One goal, multiple paths

There are several ways to withdraw your equity, and the right one depends on your situation:

Refinancing — a new higher loan, and you receive the difference. Ideal for a specific amount. Learn more here. 

Mortgage line of credit — borrow as needed, repay at your pace, pay interest only on what you use.

The second mortgage — a loan that adds to the first without modifying it. To consider if breaking your current rate would cost too much.

The reverse mortgage — for 55 and older, with no monthly payment. Learn more here. 

Each option has its costs and benefits. I calculate every scenario, compare offers from more than 20 financial institutions, and recommend the one that truly saves you money — with figures to back it up. Then I manage your file from start to finish.

Your equity is there. Let's see what it can do for you.

A free, no-obligation conversation is all it takes to know your available equity and the best way to access it. Let's discuss your project.

Mélanie Larin's profile picture, Mortgage broker, Multi-Prêts Hypothèques

Mélanie LarinMortgage broker

Multi-Prêts Hypothèques

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468, chemin de la Grande-Côte, Saint-Eustache (Québec) J7P 1J4

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