Home renovation- need a home equity service providers in Toronto.
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Author Topic: Home renovation- need a home equity service providers in Toronto.  (Read 166 times)

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hazelp

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Hi Guys,

Our house needs a renovation now after standing tall for almost 35 years. Last week during the massive rain and thunderstorm, the maple tree fell over the roof. There are several cracks here and there.
In my search, I've come across home equity loan in Toronto
I've heard that a home equity loan allows homeowners to borrow money using their own home's equity as a collateral security.
What are the possible risks associated with a home equity loan?
Is it cheaper than the other types of mortgages?
What about the interest rates?
 Awaiting your replies
Thanks

 

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