Unlock Up to 85% of Your Home’s Value, Even With Bad Credit!
Unlock Up to 85% of Your Home’s Value, Even With Bad Credit!
A home equity loan in Ontario lets you access the value you’ve built in your home without selling it. Whether you’re facing high-interest debt, urgent expenses, or a major renovation, we help you turn your home’s equity into a smart financial solution.
Lower Monthly Payment
Reduce your overall monthly expenses by combining multiple debts into one affordable payment.
Quick Access to Funds
Get approved for a home equity loan and receive your funds fast
Improve Your Credit
Use an Ontario home equity loan to consolidate debt and rebuild credit.
How Does a Home Equity Loan Work in Ontario
Apply Online
Most home equity loans are approved in as little as 24 hours.
Get Approved
Complete our easy application and start unlocking your home equity in Ontario.
Receive Funds
Access your money quickly after your Ontario home equity loan is approved.
Home Equity Loan Ontario, Why Choose Burke Financial
When it comes to accessing your home equity in Ontario, choosing the right lender makes all the difference. A home equity loan allows you to borrow a lump sum of money secured against your property’s value. Because it’s backed by your home, this type of financing often comes with lower interest rates than credit cards or unsecured loans. With fixed terms and predictable monthly payments, homeowners gain both stability and flexibility.
At Burke Financial, we specialize in helping Ontario homeowners unlock the value tied up in their homes. Unlike traditional banks that focus heavily on credit scores, we look at the bigger picture. Even if your credit score is below 650, you may still qualify. That’s because our network of alternative lenders focuses on your home’s equity, not just your financial history. This gives you access to funds when other lenders may turn you away.
Frequently Asked Questions
Most lenders allow you to borrow up to 80% of your home’s appraised value, minus your current mortgage balance. At Burke Financial, we help Ontario homeowners access the right home equity loan solution. For example, if your home is worth $800,000 and you owe $400,000, you may access up to $240,000.
Not necessarily. With Burke Financial, approvals are based more on the equity in your home than on your credit score. Even if you’ve faced financial challenges or have a score under 650, you may still qualify.
The money is flexible. Homeowners commonly use it to: Consolidate high-interest debt, Cover renovations or repairs, Pay for education or medical costs, Fund new investments or opportunities. Learn more about Ontario mortgage rules here.
With Burke Financial, approvals can happen in as little as 24 hours, and funds may be released shortly after. That speed is critical if you need to cover urgent expenses or take advantage of time-sensitive opportunities.
A home equity loan is a lump-sum loan with fixed payments over a set term. It’s predictable and works well if you need all the funds upfront, for example, debt consolidation or a major renovation. A HELOC (Home Equity Line of Credit) works more like a credit card secured by your home. You can borrow, repay, and borrow again, with variable interest rates. It’s flexible but less predictable.
