Heloc Discussions, Offers & Promotions

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  • Converting HELOC to Mortgage & selling house.

    Hello Folks, When i got the mortgage from the bank i was given a mortgage + HELOC. Later on i converted the HELOC to a mortgage too which means now i have 2 Mortgages. My Question is what happens when i sell my house, Would i loose both mortgages or i will end ...

    • hammadarif
    • Feb 13th, 2020 12:05 pm
    • Forum: Real Estate

  • HELOC revolving portion

    ... income. However, we’re pretty tapped out for cash because of the build cost. We got our house appraised and it came back as $2,000,000. Our 2-yr Heloc is now coming up for renewal. So we want to apply for a $960,000 mortgage again because like I said we’re tapped out for cash. And we know we ...

    • Ampan90
    • Jan 25th, 2020 12:16 pm
    • Forum: Real Estate

  • Is it worth spending money to get HELOC approved?

    I have mortgage with TD. I have never taken HELOC. I do not need the money right now but was thinking to get it approved for any future investments in equity / real estate. Should I spend money ( Approx 700) to get the application processed when ...

    • vivmk20
    • Jan 10th, 2020 9:19 pm
    • Forum: Investing

  • Heloc setup

    Hi,Any broker here that does HELOCs ? We're with MCAP, so a HELOC that can be behind them. PM me!

    • financeg
    • Jan 10th, 2020 9:02 am
    • Forum: Real Estate

  • best deal for a new HELOC setup

    ... any threads which clearly answered to my situation. I have just renewed my mortgage and expect to pay it off in less than 4 years. There is no HELOC included and when I asked my bank about adding one, they said I would have to pay for legal and appraisal fees because the remaining mortgage ...

    • glasses00
    • Jan 7th, 2020 5:49 pm
    • Forum: Real Estate

  • problems with a Scotia STEP mortgage & HELOC

    ... a Smith Manoeuvre. It is my only dealings with that institution. Before agreeing to give them the mortgage, I was assured in person that the HELOC would automatically re-advance any principle paid on the mortgage each month without delay and without requiring myself or any bank personnel ...

    • Cleanhead
    • Dec 1st, 2019 3:55 pm
    • Forum: Personal Finance

  • HELOC for Down Payment for Rental and Taxes

    Hi everyone, Been reading a bunch of conflicting information and wanted to get the record straight! I have a HELOC on my principle property that is used exclusively for my rental property. I borrowed the 20% required for the down payment to my rental property. For the deposit ...

    • VietKing
    • Nov 21st, 2019 9:31 am
    • Forum: Real Estate

  • HELOC for investment purposes - second position or refinance with a readvanceable HELOC

    I would like to obtain a HELOC for investment purposes (mainly for down payment towards a rental property). We are only on our first year of our term with our mortgage (5 yr fixed, 2.49%). Should I look in to a second position HELOC or ...

    • YPM604
    • Nov 19th, 2019 5:01 pm
    • Forum: Real Estate

  • second position HELOC with motus

    Anyone have a SECOND position HELOC with motus?Just talked to the rep over the phone, their HELOC rate is 3.75 (as posted on their website). But I couldn't obtain more info unless I send in a formal application online.Would like to know more about their terms and conditions, etc.Thanks.

    • YPM604
    • Nov 19th, 2019 4:47 pm
    • Forum: Real Estate

  • Mortgage Renewal / HELOC

    I am looking to renew my mortgage in March and would like to borrow to pay off some debt about $30k. What are some things to consider and is it better to refinance instead ?

    • Walkin2
    • Nov 19th, 2019 2:23 pm
    • Forum: Real Estate

  • Converting Heloc into mortgage

    Hi guys i wanted advice about my heloc. I took it out last year. My home is worth roughly 750k i have 330k mortgage left. I have a 50k heloc which i used for half of a down on a condo investment prop. I am paying interest at 4.7 rate on heloc. ...

    • liquidsuite
    • Nov 13th, 2019 11:27 pm
    • Forum: Real Estate

  • Tangerine HELOC promo P-0.50% plus $1500 costs covered

    ... cheaper than my current provider. I have not drawn any balance yet but anticipate some investment activity soon. Any caveats about Tangerine a a HELOC provider? Their mortgage rate isn't that good (2.89% fixed) but it's cheaper than my current variable rate and a good "opportunity" to switch ...

    • hoob
    • Nov 7th, 2019 9:14 pm
    • Forum: Real Estate

  • HELOC duration ?

    I have HELOC along with mortgage from the same bank blended as a deal. Amortization is 25 years. Does this means HELOC will be renewed automatically along with mortgage after 5 years provided i stick to the same bank? OR does HELOC has any particular duration that ends?

    • hammadarif
    • Oct 28th, 2019 2:58 pm
    • Forum: Real Estate

  • New Scotia specific Mortgage & HELOC rules with regards to re-registering

    Hello, Are there any Scotia customers here who recently increased their HELOC amount and are being told that you now must re-register it with a notary (lawyer for non-QC people) every single time? We are being told repeatedly by our local branch that since August ...

    • HoTiCE_
    • Oct 23rd, 2019 10:44 am
    • Forum: Real Estate

  • Heloc interest tax deductible condo

    Hi so i have some questions regarding tax deductions. I have a heloc which i have used 50k for investment of condo bought last year. The interest I am paying for the loan how and when is interest covered. The bldg will be complated around 2021. So right ...

    • liquidsuite
    • Oct 20th, 2019 6:14 pm
    • Forum: Real Estate

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