Heloc Discussions, Offers & Promotions

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  • Refinance mortgage vs. HELOC

    Here is the situation: I have condo1 that is primary residence and totally paid off. The "all-in-one" mortgage was closed but a big HELOC available. I am purchasing condo2 and negotiating a mortgage right now. The intention is to move into condo2 and rent out condo1. The two condos are about ...

    • lasallian
    • Apr 3rd, 2019 11:30 am
    • Forum: Real Estate

  • HELOC Question

    I am in the process of shopping for a HELOC since my mortgage is up for renewal and I want to unlock some equity. Current offer I have is Prime+0.5%. My problem is I am not sure what else to ask for other than a rate and changes in any fees ...

    • empyre
    • Mar 30th, 2019 8:26 pm
    • Forum: Real Estate

  • Collateral Mortgage and HELOC

    Trying to find information on increasing a current HELOC. My current credit union has agreed to waive any fees but I must reapply for a new product and pay for a new appraisal. 1. Mortgage - 220K, May 2016 - current balance 202K - collateral mortgage ...

    • 3733fred
    • Mar 25th, 2019 1:04 pm
    • Forum: Real Estate

  • HELOC recommendations?

    ... with no mortgage (value ~500k, debt 0). Actually, I will have a property - closing on April 30th, so let me know if it makes sense to set up the Heloc prior to closing or to do it after. I would like to set up a heloc for investment purposes backed by my home equity. I would then plan to draw ...

    • danishh
    • Mar 20th, 2019 4:22 pm
    • Forum: Investing

  • HELOC or Refinance

    ... both 30 years amortization. Told me the advantage to this is I can write off the interest on the rental property mortgage. Option 2: Taking a HELOC out on my current home, just enough to cover the downpayment. Line of credit will be at 4.25% on $100,000. I was looking at option 2, but is there ...

  • Question on HELOC

    Hi I am trying to educate myself on HELOC because we are planning for a first home buyer, and don't like the idea of paying over 30yrs. It seems from reading a lot of different RFD threads in the personal finance and this forum many people ...

    • Shekina
    • Mar 9th, 2019 5:44 pm
    • Forum: Real Estate

  • Pay Down HELOC with Savings?

    My cousin just finished a $110,000 renovation, she saved up some cash, but she had to borrow $65,000 from HELOC. She currently has about $55,000 in long term savings, and had been adding $550 monthly (investments are TD E-Series in TFSA with a high percentage in equities) The ...

    • caddie444
    • Mar 9th, 2019 9:37 am
    • Forum: Personal Finance

  • Getting HELOC as non-resident Canadian citizen

    Hello, I am a Canadian citizen working in the US on a TN visa. I own a house in the GTA and want to tap into the equity and open a HELOC. My mortgage is with TD but since I am a non-resident, they declined my request for HELOC. My 5 year renewal is coming up in some months. Can I avail ...

    • sudn3sc3d
    • Mar 1st, 2019 4:15 pm
    • Forum: Real Estate

  • Any of the Big banks offering a HELOC lower than 4.25% ?

    I’m looking to negotiate with TD, in the past HSBC offered a prime + 0 but I’m not seeing it anymore.Is there anything I can match against?

    • Rockstead
    • Feb 22nd, 2019 5:37 pm
    • Forum: Personal Finance

  • In-Laws HELOC trouble with Big 5 Bank

    Long story short, my in-laws need access to the equity in their home for a renovation they're going through, and applied for a HELOC through a Big 5 Bank beginning of December. Well the employee they were dealing with kept telling them everything was good, but then after a few weeks didn't ...

    • caddie444
    • Jan 16th, 2019 6:09 pm
    • Forum: Personal Finance

  • Collateral Charge and HELOC vs. Traditional Mortgage

    ... lenders? 2) What is the typical, collateral charge mortgage, fees fro switching lenders 3) Does the above differ between regular mortgage and HELOC? 4) If collateral charge is a downside, how is it offset in anyway? For example, do I get a lower rate typical with collateral charge mortgage ...

    • patron
    • Nov 24th, 2018 7:51 pm
    • Forum: Real Estate

  • New Rules for Heloc & 2nd Mortgages Nov 8, 2018

    I caught wind of this on the TV show Hot Property tonight. If I understand it right, if you have a HELOC @ zero balance the total value of the HELOC is considered as part of your payments when applying for a mortgage for a 2nd property. e.g. income property or cottage. I ...

    • ROYinTO
    • Nov 9th, 2018 12:37 am
    • Forum: Real Estate

  • Personal Finance Review with HELOC and Real Estate

    Home Value: FMV $1.1 Million Home - outstanding mortgage $237K @ 2.95% renewal Jan 2023 Other Debts: Credit Card $1k, Car Loan $37k, HELOC $203K Credit Rating : 775 We are able to afford automated payments of $2600 + $700 (interest) per month on HELOC ( I hate debt ) Due to our aggressive ...

    • stryka
    • Oct 26th, 2018 11:48 am
    • Forum: Personal Finance

  • Scotia One and HELOC question

    I'm sure the bank can answer this for me but I'd thought I'd see what the RFD'ers knew first. If I have a mortgage and LOC with Scotia do I need to have a Scotia One account with them vs having the payments being withdrawn from another institution like Tangerine where I am not paying monthly service...

    • old_schooler
    • Sep 24th, 2018 10:19 pm
    • Forum: Personal Finance

  • HELOC app & TDS

    I have an excellent credit score (over 750), no personal debt, 60% equity in my home and an existing mortgage with RBC. I had a HELOC as well with them but when my husband died two years ago they put that account into a holding status - it had a 0 balance, but I was also unable to access ...

    • trappersmom
    • Sep 24th, 2018 12:23 pm
    • Forum: Personal Finance

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