Download Your First-Time Buyer Guide
Everything you need to know about buying your first home in Ontario, including provincial incentives and rebates.
Complete 27-page guide with Ontario-specific advice
Everything you need to know about buying your first home in Ontario, including provincial incentives and rebates.
Complete 27-page guide with Ontario-specific advice
Our Services
Unlock the equity you've built in your home for renovations, education, investments, or other important financial needs.
Chat with an Advisor
Our Services
Refinance your mortgage to take advantage of lower rates, access equity, or adjust your loan term to better fit your financial goals.
Chat with an AdvisorHome equity is the difference between what your home is worth and what you owe on your mortgage. This equity can be a valuable financial resource that you can tap into when needed.
Home Equity Explained
Home equity grows in two ways:
Mortgage Payments: Each time you make a mortgage payment, a portion goes toward reducing your principal, increasing your equity.
Property Value Increase: As your home's market value increases over time, so does your equity.
Current Home Value:
$500,000
Mortgage Balance:
$300,000
Your Home Equity:
$200,000
In this example, you could potentially access a portion of this $200,000 through an equity takeout solution.
Refinance your existing mortgage for a higher amount than you currently owe, and receive the difference in cash.
Best for:
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A flexible revolving credit line secured by your home that allows you to borrow as needed up to a set limit.
Best for:
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Renovations and upgrades can increase your home's value, potentially making this a self-funding investment.
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Combine high-interest debts into your lower-rate mortgage to reduce monthly payments and total interest paid.
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Invest in yourself or your family's future by financing higher education with your home equity.
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Home equity products use your home as security for the loan. Make sure you can manage the payments to avoid risking your home.
Accessing equity may increase your mortgage balance and monthly payments or extend your repayment period.
Consider using equity for purposes that build long-term value rather than short-term consumption.
Our mortgage experts are ready to help you every step of the way.
Ready to take the first step? Contact us today for a free consultation and let us help you find the best mortgage for your needs.
Phone
(647) 705-6490
Email
info@methodmortgages.com
Location
10-280 ELSON ST,
MARKHAM, ON L3S 3L1
Business Hours
Monday - Friday
Saturday
Sunday
9:00 AM - 6:00 PM
10:00 AM - 2:00 PM
Closed
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