Heloc Discussions, Offers & Promotions

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  • Heloc question

    Does having a balance on heloc affect your credit score?

    • nhr594
    • Jan 15th, 2021 12:04 am
    • Forum: Personal Finance

  • Structuring HELOC for Rental

    ... want to know the best way to structure my down payment. I’m putting down 20% which is about 100,000 I have another, older rental property with a HELOC that I’m going to draw from for the 100K down payment. This mortgage and HELOC (Homeline product) is with RBC. The interest rate on the HELOC ...

    • WGretzky
    • Jan 12th, 2021 6:50 pm
    • Forum: Real Estate

  • Smith - HELOC Investing Account - What do you buy?

    Question, for those who have this type of investment account, what do you hold in this account?Individual stocks, portfolio ETFs (varying risk profiles) or is there an Index ETF that you can hold that qualifies for this investment account?Thanks!

  • HELOC help - What am I missing?

    ... remaining - 35k @ 2.9% Cash/TFSA/Inheritance etc. after tax = 36K I could take the cash(35k from the 36k) and pay off my mortgage. Then take out a HELOC for 65% of the accessed value of the property at say 2.9% = 71.5k I could then take out the 35K from this 71.5K to replenish my cash/tfsa etc ...

    • mcarfan
    • Dec 18th, 2020 4:42 pm
    • Forum: Personal Finance

  • Delete

    Assuming you could get an investment property mortgage for 1.79% or a HELOC for 2.35% wouldn't it be better to use a HELOC? You could make interest only payments which would be 100% tax deductible and use the added cash flow to pay off other non tax deductible ...

    • mazerbeaner
    • Dec 17th, 2020 2:18 pm
    • Forum: Real Estate

  • HELOC question.

    Hello All, I would like use HELOC to invest in dividend stocks in my non-registered account for tax. Can HELOC and my DI account be different banks? Do I need to submit any form to CRA to show money withdraw from HELOC is invested in stocks.

    • gskn4u
    • Dec 16th, 2020 11:29 am
    • Forum: Real Estate

  • HELOC Increase

    I am looking to increase my HELOC amount through TD bank. Currently I have a HELOC of 20k that I have a balance on, but have been paying towards it in regular frequency every month. The concern I have is with my employment history over ...

    • GrooveM85
    • Dec 6th, 2020 11:49 am
    • Forum: Personal Finance

  • Paying off Mortgage & HELOC

    ... mortgage payment is coming up within the next few weeks. I believe there is not much to do other than paying the discharge fee. In regards to a HELOC, i understand that some people get one to prevent title fraud, however I do have title insurance on the property. Next summer we are planning ...

    • Corinthein
    • Nov 29th, 2020 12:55 pm
    • Forum: Personal Finance

  • Heloc vs 2nd mortgage

    ... we are thinking of buying a rental property for around 400k. Wondering what is the best way to go about it, should i convert my mortgage to a HELOC however I won't be able to get the 1.44% rate to buy the rental property or Just refinance the existing mortage at 1.44% and take a 2nd mortgage ...

    • ahaneo
    • Nov 17th, 2020 12:22 pm
    • Forum: Real Estate

  • Thoughts on HELOC for loans

    ... is high so he's comfortable with this, time horizon for 15+ years. I do not have 100K liquid ready to just lend out, however I can take out a HELOC. Assuming I can at a decent rate ~3%? What drawbacks would there be for me to apply for this loan, give him the money from the loan and have him ...

  • TD Heloc application question

    I just closed on a house for 1.3m with 30% down with a TD mortgage (collateral charge at 125%). I had an appraisal done last week which was a requirement of the TD mortgage.Do I need to still pay fees to set it up?

    • bg8055
    • Nov 12th, 2020 5:03 am
    • Forum: Personal Finance

  • Fees to set up HELOC with TD

    I'm planning to get a HELOC with TD. What kind of fees do they charge to set up the HELOC and how much are they?

  • Possible? Get HELOC without having mortgage with them

    Is it possible to get a HELOC from TD/RBC/Tangerine/etc. if your mortgage is from another place like MCAP/RMG/etc. ? Do people do that at all? Is it considered shady from future bank approvals POV because you'll essentially end up with ...

    • iboyalama
    • Nov 5th, 2020 11:58 am
    • Forum: Personal Finance

  • HELOC Application to Increase Based on New Property Value

    I requested that my home be reappraised for a HELOC increase. I bought the house in June 2017 and then renewed in 2018 again. On renewal they did not reappraise the value of the home. I asked them to reappraise it recently and was advised that I ...

    • CDNPatriot
    • Nov 1st, 2020 9:30 pm
    • Forum: Real Estate

  • Mortgage with TD, collateral mortgage and HELOC

    ... before I signed and the costs of renewing with another lender when my term is up. I am not really concerned about the interest rate offered by TD HELOC, its just in case of emergency and having access to quick cash is a perk. I have a no annual fee Visa card as a backup so I have a TD profile ...

    • bg8055
    • Nov 1st, 2020 9:26 pm
    • Forum: Real Estate

  • Mortgage & HELOC

    ... credit ratings) but considering the economy situation and chance of recession in the next couple months, I would like to have access to money via HELOC (just in case things go on the bad direction and I need cash). my question is that how much HELOC can I get. the bank agent said I could get total ...

    • bingo_jake
    • Oct 30th, 2020 11:46 am
    • Forum: Real Estate

  • Looking for the current best HELOC rate?

    Hello,I am looking into getting a HELOC for an investment property and looking for recommendations on the best HELOC rates out there.Based on your experience is HELOC the best route to go or go with a 5 yr. variable rate of 1.80% (lowest I could find) ?

    • poiuytrewq9
    • Oct 20th, 2020 12:21 pm
    • Forum: Real Estate

  • HELOC and death of spouse

    My uncle recently passed away unexpectedly and subsequently my aunt was laid off due to company cutbacks. Their house is paid off but they have a HELOC with 250k limit. She was advised by family members to file survivorship at LRO and remove my uncle off the title for estate planning purposes. ...

    • Gnilkus
    • Oct 17th, 2020 8:40 am
    • Forum: Real Estate

  • Incredibly frustrated with Simplii HELOC and MCAP mortgage renewal

    ... for apprasial). Since this delay, and since rates have dropped, they reached out and lowered the rate to 2.04%. I really rather not discharge my HELOC since I like it and dont want to have to pay the fees.... But at this rate and with my frustration, I am thinking of giving it until the end of ...

    • Vladimir
    • Oct 14th, 2020 10:28 am
    • Forum: Real Estate

  • Paying down mortgage (primary house) to borrow against HELOC

    I know generally speaking borrowing costs are cheap these days and so it makes sense to borrow agaisnt the HELOC/other credit lines to invest (and you can deduct the interest). But would you pay down the mortgage on the primary house (because the interest is not deductible - ...

    • Hp4041
    • Oct 4th, 2020 11:44 pm
    • Forum: Real Estate

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