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Apply online
Tell us about your property, current mortgage, and borrowing goals.
Home equity line of credit Ontario
Flexible access to your home equity.Borrow only what you need.
A HELOC lets Ontario homeowners access funds, repay the balance, and borrow again—without replacing their existing mortgage.
- ✓ Revolving access to funds
- ✓ Interest only on what you use
- ✓ Ontario lending specialists
24 HRSome applications may be reviewed or approved in as little as 24 hours.
Simple from the start
How a HELOC works for Ontario homeowners.
Our team helps you understand the available limit, rate, costs, and repayment terms.
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Get approved
We assess the application and compare suitable lender options.
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Access your funds
Draw from the approved credit line as needed, subject to its terms.
Meet your team
Our award-winning team.Here every step of the way.
AWARD-WINNING EXPERTISE
Expert guidance for Ontario homeowners
CMP Top 75 Broker 2026
John Burke was recognized among Canada's leading mortgage brokers.
Top Choice Award
Recognized for trusted service and mortgage brokerage excellence.
Consumer Choice Award
Recognized for mortgage brokerage service and expertise.
A flexible financial tool
Your home equity can stay available for changing needs.
Draw funds as expenses arise instead of borrowing one fixed lump sum upfront.
What lenders review
Qualification considers more than your home value.
HELOC approval and available limits depend on the complete application and the lender's requirements.
- Property value and equity
- Existing mortgage balance
- Income and affordability
- Credit and payment history
Use it your way
One credit line. Many possible priorities.
A HELOC can support planned projects and unexpected expenses.
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Home renovations
Fund projects in stages and draw only as work progresses.
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Debt consolidation
Replace eligible higher-interest balances with one secured credit source.
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Education costs
Cover tuition and related expenses over multiple semesters.
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Emergency expenses
Keep access to funds available for unexpected home or family needs.
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Investment opportunities
Access capital when an opportunity arises, subject to professional advice.
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Large purchases
Manage major expenses without taking the full amount at once.
Clear answers
Understand your HELOC before you borrow.
A Burke specialist can explain the rate, fees, limit, repayment terms, and available alternatives.
Book Free Consultation →What is a HELOC?+
A home equity line of credit is revolving credit secured by your home. You can draw funds up to the available limit, repay amounts, and potentially borrow again under the product's terms.
How much could I qualify for?+
The available limit depends on factors including the property value, mortgage balance, income, credit profile, and lender requirements.
Do I pay interest on the full limit?+
Interest generally applies to the amount you have actually borrowed, not the unused portion of the approved credit limit. Confirm the specific terms with your lender.
Can I repay and borrow again?+
That is the primary revolving feature of a HELOC. As the balance is repaid, available credit may become accessible again, subject to the agreement.
Will a HELOC replace my existing mortgage?+
Not necessarily. A HELOC may be arranged alongside an existing mortgage, depending on the property, current lender, available equity, and product structure.
Do I need perfect credit?+
No single credit score guarantees or prevents approval. Burke reviews the complete situation and available lender options.
Put your home equity within reach.
Start online or speak with an Ontario HELOC specialist.
