What is a home equity loan?
A home equity loan is a type of loan in which a homeowner can access the equity built up in their home to use for home renovations, purchasing another property, emergencies, or other needs. Equity is determined by the value of the property along with the amount of the mortgage that is already paid off. This is a desirable way to borrow funds as it’s likely that the value of your property has increased since you purchased it. A home equity loan can help you access that increased market value.
How we can help
Our goal is to help homeowners access the equity in the home through both traditional financial institutions or alternative lenders. For borrowers who don't fit the restrictions of regular institutions such as the banks, we can tap into our large network of lenders to facilitate approval.
Easily apply for financing online
Review, sign and deliver application documents
Receive approval today
How can you qualify?
Property - The primary factor we look into when approving you for a home equity loan is if you own a property.
Equity - Equity refers to the difference between the home's fair market value and the outstanding balance on the property.
Credit Score - Good credit isn't required to be approved for a home equity loan with Canada West Mortgage.Call UsEmail Us
Frequently Asked Questions
We specialize in approving individuals with bruised credit, no credit or bad credit.
Fill in the form above to apply.
You must own a property to access its equity and receive a home equity loan.
We offer same day approval for your convenience as we understand that in most cases, you need to gain access to funds quickly.
Once we receive your signed documents upon approval, funds will be paid out within 24-48 hours.
We look at your financial situation and build a repayment plan that will be easy and suitable to your financial situation.