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Home Equity Loan vs. HELOC: What’s the Difference and Which Is Right for You?
If you’re a homeowner in Calgary looking for a flexible way to access funds—whether it’s for renovations, debt consolidation, or unexpected expenses—you’ve likely heard of two common options: the Home Equity Loan and the Home Equity Line of Credit (HELOC). Both...
Getting a Home Equity Loan to Improve Your Home?
A home equity loan is more than just access to cash—it’s a tool that can help homeowners take real steps toward increasing the value, function, and comfort of their home. At Calgary Equity Loans, many of our clients choose to use their home equity to finance...
What is an LTV Ratio and What Does it Mean for You?
When applying for a home equity loan, one of the key terms you'll hear is LTV ratio—short for Loan-to-Value. It’s more than just finance jargon; this simple percentage can directly impact your borrowing power, interest rate, and even whether your loan gets approved....
How to Use a Second Mortgage Wisely
When used carefully, a second mortgage can be a smart financial strategy that helps homeowners meet large expenses or consolidate high-interest debt. If you’re considering using the equity in your home to secure extra funds, it’s essential to understand how a second...
What is a Home Equity Loan and Why Would You Want One?
For many homeowners, the value of their home is more than just a number on paper—it’s a powerful financial resource. One way to access this resource is through a home equity loan. But what exactly is a home equity loan, how does it work, and why might it be a smart...