Looking to Take Cash Out?

If you've owned your home for a substantial period of time, it's likely that you have been accumulating equity. The two ways to access this equity is by selling the property or accessing its equity and taking it out - also known as taking cash out.

You may take cash out for a myriad of reasons, including home renovations, purchasing additional property, a vehicle purchase, or other needs.

How we can help

With our network of private lenders, we are able to facilitate approval for individuals with all types of credit backgrounds and financial circumstances. We arrange a monthly repayment plan that is easy for you to repay.

Apply Online

Easily apply for financing online.

Submit Documents

Review, sign and deliver application documents.

Get Approved

Receive approval today.

Who can qualify?

Property. Chances are, your property has accumulated equity since purchasing it, with market inflation. Your home will act a security for any type of mortgage loan that you'll be approved for.

Equity. The more equity you have available, the higher your chances of qualifying for taking cash out.

Credit score. We specialize in approving borrowers with all types of credit, including bad or no credit.

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Frequently Asked Questions

How do I apply to take cash out?

You can apply online by filling in the form above.

What can I do with the money I take out?

Common uses for second mortgages can include cash take-out for home renovations, vehicle purchases, tuition for the kids, consolidation of credit card debts, pay property or income taxes, or make investments.

How soon will I be approved?

At Canada West Mortgage, we know time is of the essence, so we offer same day approval.

When will I receive the funds?

Upon receipt of your signed documents funds generally will be distributed within 2 business days. This will slightly vary depending on the lender.

How will repayment work?

We look at your financial situation and build a repayment plan that will be easy and suitable to your financial situation and goals.

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