Home Equity Line of Credit

Home Equity Line of Credit

Invest in your home or borrow funds for other purposes to help you meet your financial goals and save for the future.


The HELOC for Your Needs

A home equity line of credit is a flexible loan that allows for payments that can be as little as just the interest. The amount available for you to borrow is based on how much equity you have in your home. 

By using money borrowed against your home for any purpose such as debt consolidation, investments, children’s education, home improvements or going on a vacation, you will have access to these funds at any time. Once your maximum loan balance is established, you can draw on the line of credit at your discretion without lender approval. Interest is charged on a predetermined variable rate, which is usually based on prevailing prime rates.

When you have a balance owing on the loan, you can choose the repayment schedule as long as minimum interest payments are made. The term of a HELOC (Home Equity Line of Credit) can last anywhere from less than five years to greater than 20 years. HELOCs are non-transferrable and must be paid off prior to selling your home. To close the HELOC, the entire balance must be paid in full.

Ownest’s HELOC Advantages

  • We show the benefits of each product you qualify for
  • We offer combined solutions to provide extra cash in your pocket
  • We maximize the results to benefit your financing and lifestyle needs
2.36%5 Year Variable

75% of our clients consider this product a great fit. We find you a great rate with only a small possible payout penalty, and that increases your flexibility for the choice to change your mortgage down the road.

Ownest tailors the mortgage to you, not you to the mortgage. We find different terms and mortgages to suit your lifestyle. Click below to view other options.


See the Ownest difference. We aren’t like banks and brokers because we have your best interest at heart. Through our patented system, we’re able to give you the choice you deserve when selecting a lender for your mortgage. Watch this video and let us help you maximize your mortgage buying power.

  • I’ve been in real estate for over 15 years and have never experienced this level of professionalism before. I now recommend all my clients to Ownest.
    - Bob S.Realtor, Edmonton AB
  • Ownest sent us a mortgage proposal that showed all the mortgages we qualified for. After discussing the many options with us we chose a 4 year term and feel we got a great rate.
    - Robert and Claire P.Richmond Hill, ON
  • Thank goodness we found the friendly people at Ownest. They found us a new mortgage at a lower rate and a payment we can afford. We are truly thankful.
    - Gina G.Calgary, AB


We match you with the mortgage that suits your lifestyle, faster than our competitors can shop a single product.


Our technology scours all products and pricing to get you a yes now on the best deal for your mortgage. You pick only from the options you qualify for.


Backed by a team of financial experts, we’re always available to help you successfully cross the finish line to own your home. We make it simple. Ownestly!