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Home Equity Loan / HELOC
A home equity loan or HELOC lets Canadian homeowners borrow against their home’s value while keeping ownership. Compare trusted home equity options across Canada with clarity.
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Need help finding a home equity loan?
Compare verified professionals who offer home equity loans and HELOCs. Understand rates, limits, and risks before choosing the right option.
Access your home equity
Lower rates than credit cards
Flexible borrowing options
Verified Canadian professionals
How it works
A simple process to explore home equity loan and HELOC options and understand how they work.
What are you looking for?
Tell us how you plan to use your home equity and share basic property details. This helps us understand whether a home equity loan or HELOC is the right fit for your needs.
01
Get customised options
We’ll connect you with licensed professionals who can outline home equity loan or HELOC options based on your situation. Review rates, limits, and terms at your own pace.
02
Choose your professional
Compare experience, ask questions, and select the professional that best fits your borrowing goals, comfort level, and timeline.
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Using home equity wisely
Understand your options
A home equity loan and a HELOC both allow you to borrow against the value of your home, but they work differently. A home equity loan provides a lump sum with a fixed payment schedule, while a HELOC offers a revolving credit line you can draw from as needed.
Homeowners often use equity funds for renovations, debt consolidation, education costs, or major expenses. Because your home is used as security, lenders focus heavily on property value, existing mortgage balance, and overall equity.
"Choosing between a home equity loan and a HELOC depends on how you plan to use the money, your comfort with variable rates, and how long you expect to borrow. Understanding interest structures, fees, and repayment rules helps avoid surprises later."
Pro Tip
Ask lenders how rate changes affect HELOC payments and whether conversion to fixed rates is allowed.
Loan vs HELOC differences
A home equity loan offers predictable payments and a fixed term, which can be helpful for large one-time expenses. A HELOC works more like a credit card, allowing you to borrow, repay, and borrow again within your approved limit. Each option has different rate structures, payment flexibility, and long-term cost considerations that should be reviewed carefully.
Equity and risk factors
Lenders typically require sufficient equity, stable income, and acceptable credit history. Because your home is collateral, missed payments can carry serious consequences. Reviewing borrowing limits, combined loan-to-value ratios, and repayment expectations helps ensure the loan fits your financial situation.
What Is a HELOC and How Does It Work in Canada?
A clear overview of how HELOCs work for Canadian homeowners
Livin2
Jan 6, 2026
Professional insight
Licensed advisor
Maple Ridge Lending Group
An experienced lending team helping homeowners compare home equity loans and HELOCs across Canada.
This team works with multiple lenders to match homeowners with equity solutions based on property value, goals, and risk tolerance.
They focus on clear explanations around rates, fees, and repayment structures so borrowers understand the full cost.
When does a HELOC make more sense?
A HELOC may suit homeowners who need ongoing access to funds over time, such as for phased renovations or variable expenses.
How much equity do lenders usually require?
Most lenders look at combined loan-to-value limits and require enough remaining equity after existing mortgages.
What mistakes should borrowers avoid?
Typical equity borrowing costs
Last updated: 1/6/2026
Region
Great Value
Average
Premium
Canada
6.0%
7.5%
9.0%
Rates and limits vary based on credit profile, available equity, lender, and property location.
Reviews
4.8
based on 18400 reviews
Clear guidance95%
Easy comparisons97%
Trusted providers99%
"The comparison helped me understand the difference between a loan and a HELOC before speaking with a lender."
Daniel R.12 Dec 2025
"Clear explanations and no pressure. I felt informed before making a decision about using my home equity."
Sandra M.03 Jan 2026
Related services
Explore other financing options that may fit your needs and financial goals.
Service guides
Learn how home equity loans and HELOCs work
HELOC Risks Homeowners Should Understand Before Borrowing
Learn how the risks of using a HELOC can affect homeowners over time.
Read guide
HELOCs for Debt Consolidation: Pros, Cons & Risks
Learn how HELOCs are used for debt consolidation and the risks homeowners should consider.
Read guide
How Much Can You Borrow with a HELOC? Equity Rules Explained
Learn how HELOC borrowing limits are calculated and what rules affect how much homeowners can access.
Read guide
HELOC vs Mortgage Refinance vs Second Mortgage: Key Differences Explained
Learn how HELOCs, mortgage refinancing, and second mortgages compare for homeowners.
Read guide
When Does a HELOC Make Sense? Common Use Cases for Homeowners
A practical look at when using a HELOC makes sense—and when it may not.
Read guide
What Is a HELOC and How Does It Work in Canada?
A clear overview of how HELOCs work for Canadian homeowners
Read guide
Pricing Guides
Understand rates, fees, and the real cost of borrowing.
Is a HELOC Worth the Cost? Short-Term Flexibility vs Long-Term Risk
Learn how the short-term flexibility of a HELOC compares to long-term borrowing risks.
Read guide
How Rising Interest Rates Impact HELOC Payments Over Time
Learn how rising interest rates can affect HELOC payments and long-term borrowing costs.
Read guide
Is a HELOC Cheaper Than a Personal Loan or Credit Card? Full Cost Comparison
Learn how HELOC costs compare to personal loans and credit cards over time.
Read guide
HELOC Monthly Payment Examples at Different Borrowing Amounts
Learn how HELOC monthly payments can vary based on borrowing amount and interest rates.
Read guide
How Much Does a HELOC Cost? Rates, Fees & Ongoing Expenses
Learn how HELOC costs are structured, including interest rates, fees, and ongoing expenses.
Read guide
HELOC Interest Rates in Canada: How They Work and What Affects Them
Learn how HELOC interest rates work in Canada and what factors influence them.
Read guide
Access your home equity
Explore home equity loan and HELOC options and connect with professionals who can help you choose how to borrow.
Q&A
Common questions about home equity borrowing
A home equity loan provides a one-time lump sum with fixed payments, while a HELOC offers a revolving credit line with flexible borrowing and often variable rates.