Home equity loans

Home equity loans are a type of loan you may receive if you are interested in borrowing money on the equity of your home. Equity refers to the difference between your homes market value and the outstanding balance of liens on it. If you are in need of financial help but do not wish to use your savings, you may qualify for home equity loans that can help with major expenses such as college or university education, medical bills, home improvements and much more. There are a two types of home equity loans:

  • Fixed-rate loans

    With fixed-rate loans, the amount of every loan payment you make is predetermined. You are required to repay fixed-rate loans at a fixed-rate of interest and within a fixed time period.
  • Home-equity line of credit (HELOC)

    A home-equity line of credit functions much like a credit card where you are required to make payments at a variable-rate. Once you have been approved for a home-equity line of credit, you will have the option to withdraw up to the pre-approved limit and the repayment will have a variable-rate of interest. A HELOC has a fixed loan term which means you must repay the amount you borrowed before the loan term ends.

Manny Johar, mortgage agent, will teach you everything you need to know about applying for home equity loans. Manny Johar's Toronto bad credit mortgages experts can help you figure out which type of home equity loans are best for your financial situation. Manny Johar's Toronto bad credit mortgages team of experts will review your current financial situation to help you make the best of your situation. Manny Johar's Toronto bad credit mortgages team delivers our services of home equity loans across GTA cities such as Toronto, Scarborough, Mississauga, Vaughan, Markham, Brampton, Oakville, Burlington, Hamilton, Newmarket, Oshawa, and surrounding regions.

Manny Johar's Toronto bad credit mortgages team of professionals offers the best home equity loans with the lowest possible interest rates. Manny Johar's team of Toronto bad credit mortgages experts have many years of experience, skills, and knowledge of home equity loans to assist you in achieving your dream! If you have any questions regarding home equity loans, please do not hesitate to contact Manny Johar's team of Toronto bad credit mortgages professionals today!

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What Our Clients Say

  • "Thank you Manny!! You did for me what 3 other brokers could not. You are the only one that was able to get me signed for an increased 1st mortgage. Just amazing. You are a man of your word and you truly do work for the people and not the banks. I can't thank you enough for your help. I'll see you in 2 years :)."

    - Brian L.

    Beeton, Ontario
  • "I can't even begin to explain how much Manny helped me. Right from the first conversation to our last, he was fantastic. He answered all my questions and assured me that he would take care of everything. I just had to sit back and relax. He made that possible for me. He helped me when no one else would and assured me he would get the job done. I was his main focus and he proved that through and through. I would definitely recommend Manny. His professionalism is solid. Thank you so much Manny. You were my rock when I felt the walls closing in. You never made me feel like I was just a client….you made me feel important and a priority. Thank you."

    Grace O.

    Bowmanville, Ontario
  • "Hi Manny, I would like to take this opportunity to extend my profound thanks to you and your colleagues for your immediate assistance when I needed financial help. I can't seem to thank you enough for coming to my rescue, when the Financial Institution I've been dealing with couldn't trust me for the small loan that I had applied for. Your flexibility and excellent service you gave is indeed beyond compare. More power to you and your colleagues."

    Estrella J.

    Scarborough, Onatrio
  • "Hi Manny, You have delivered excellent service & exceeded Lynn & I's expectations since we met you. Manny what you promised us you came through with excellent communications. Plus involving your legal contact with us. That is beyond expectations to any customer. Again Manny you have provided excellent service to us. You are a professional person and would be a great asset to any company. If you ever need a reference letter. Lynn & I would provide you a letter of great commitment & professional business individual."

    Bryan & Lynn D.

    Alliston, Ontario