HELOC

What are the pros and cons of reverse mortgages? Reverse mortgages are a controversial product, and they don’t suit everyone. Here’s what you need to know.

Home equity is a really important concept for homeowners, especially if you’re considering a home equity loan or line of credit. So what is home equity?

Should you refinance, use a HELOC, or get a second mortgage? There are many ways to access home equity, with different pros and cons. Here’s a comparison.

The Scotia Total Equity Plan is Scotiabanks’ HELOC product (the Scotia home equity line of credit). But is Scotiabank’s STEP right for you? Let’s find out.

A home equity line of credit, or HELOC, is a convenient way of using the value in your home as leverage to borrow money. HELOCs are attractive for their low interest rates, very generous repayment terms, … Read More

We’re seeing an increase in the number of people struggling with debt take advantage of higher house prices to refinance their credit cards. They’re doing this using their home equity either through a second mortgage or … Read More

A mortgage is probably the reason why the majority of Canadians are able to become homeowners. But over time, you’ll pay thousands of dollars in interest that isn’t tax deductible. However, there is a way to … Read More

Q. What is a home equity of line of credit? A home equity line of credit (HELOC) is a revolving line of credit that leverages the equity in your home. With a HELOC, you can choose when and … Read More

Q. What is a home equity of line of credit? A home equity line of credit (HELOC) is a loan that leverages the equity in your home. The HELOC functions like a revolving line of credit where you … Read More

Q. What is a home equity of line of credit? A home equity line of credit (HELOC) is a revolving line of credit that allows you to borrow the equity in your home, often at a much lower … Read More