Need money in a hurry? Truth is, it’s easy!
If you are a home owner, we can help you get the funds you need despite what the banks have said. As a home owner, there is a source of money available to you through your mortgage regardless of you’re age, credit score or income history. Basically, if you own a home, you are approved.
- Debt consolidation: Manage your financial future
You can use home equity for debt consolidation. By grouping together your expenses into a single home equity loan, this allows you to pay down multiple, high-interest loans (credit cards, lines of credit, etc.), will reduce monthly payments, and improve your cash flow.
- Vacation: Take a trip!
There is no better time than now, and lucky for you, you can use a home equity loan for that dream vacation you always wanted to go on.
- Start a Business: Empower your decisions
You can use a home equity loan to get the start-up capital you need to start your own enterprise. Think of a business loan as a way that you can put your equity back to work for you. Or if you already have a business, you can use a home equity loan to assist with accounts receivable and/or inventory funding. Either way this is a great option to grow your business as it empowers you to make the right moves at the right time. Take advantage of revenue generating opportunities, cover short term expenses, expansion costs, technology updates, and more.
- Home Renovations: Increase your property value
You can use a home equity loan to get the financing you need to do renovations on your property, which will ultimately increase its value. Whether you’re adding a new deck or finishing your basement, a home equity loan is a great way to finance your home improvement project.
- Go Green: Save money and the planet
Upgrade your appliances to optimize energy use and save yourself some cash! Switch to ENERGY STAR, a government-backed program that helps businesses and individuals protect the environment through energy efficiency. Some of these
green initiatives include:
-Installing a low flush toilet to save the average family 110 litres of water per day-Installing an energy efficient water system to save up to 20% of your total heating costs-Installing a heat ventilator (HRV) to recover 70-80% of the heat from exhaust air transferring it to the incoming air-Replace your fridge with an ENERGY STAR model, which uses as much as 50% less energy than a standard model.
- Education: Invest in your future
You can use a home equity loan to finance your schooling.
- Marriage:Enjoy the moment
Planning a wedding can be quite expensive and the last thing you want to be doing while organizing your special day is sweating the costs. A home equity loan will help you keep focus on the joyous time at hand.
- Buying Investment Property: Build your fortune
An investment property can be a long-term endeavor, such as an apartment building, or an intended short-term investment in the case of flipping. Either way, homeowners have a considerable amount of buying power, and with cross border opportunities at large, a home equity loan could get the ball rolling. By leveraging your home’s equity value, you’re not only creating a powerful strategy for increasing your net worth, but your building wealth as well.
- Temporary/Emergency Situations
Often times in life we find ourselves in unexpected situations, and it’s at those times we sometimes are struggling to get by financially. A home equity fund can help you overcome such obstacles by taking care of unforeseen or temporary expenses.
- Other: The sky is the limit!
Child’s education, down payment on property for a relative, etc.