Real Estate

Low interest HELOC

  • Last Updated:
  • Mar 14th, 2018 1:06 pm
Newbie
Sep 25, 2010
42 posts
6 upvotes
Brampton

Low interest HELOC

Hey everyone, just wondering if anyone has some advice on where to get a low interest HELOC (<6%). I’m self employed and have a hard time qualifying for a home equity line of credit in addition to my mortgage with an A lender (like TD, RBC, CIBC etc). I was looking for an alternative option but I’m seeing rates in the 8-12% range. Has anyone in a similar situation had success finding more reasonable rates? Thanks
2 replies
Member
Apr 27, 2014
390 posts
135 upvotes
Mississauga, ON
Not in that situation but maybe try manulife one product. Or refinance existing mortgage with anybody that will do it (talk to a broker) and extend term and add in any other debts.
Newbie
Sep 25, 2010
42 posts
6 upvotes
Brampton
Thanks for the advice. I’ll look into manulife

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