Dominion Lending is a mortgage and leasing company with more than 2,000 members offering free expert advice across Canada for all your mortgage needs:
- Residential Mortgages
- Commercial Mortgages
- Equipment Leasing
Mortgage Questions
Home Equity Line of Credit
Use the equity in your home to get a secured line of credit today! With a Home Equity Line of Credit or HELOC, equity can be released to be used for any purpose; it can even help you in planning your investments, including establishment of a fund for your children's educational needs.
HELOC can also be attached to a chequing account and simple to use. You may also access these funds through direct payment purchases using your debit card, by writing cheques, or through cash withdrawals depending on the lender. You will receive monthly statements, allowing easy management of your finances. Your account can also be linked to the telephone banking service, ensuring your account information is always only a phone call away or via the internet if that lender has a program for it’s clients.
Benefits
- HELOC value may be as large as 80% of the market value of your home
- The Product can go behind most first mortgages without incurring penalties. No need to change or transfer your current first mortgage! (only available in some provinces)
- You can use some or all of your available line of credit at your convenience
- Flexible repayment options — you can just make the required interest monthly payment or pay a larger amount up to the entire balance
- Your line of credit has no expiry date — it's yours as long as you need it
- Setup fees are as low as $399 plus appraisal costs (only available in some provinces)
Call To Action
For more information on any program you may be interested in please either email us at
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or call 403-343-1125 to set up an appointment with an agent.
Home Equity Line of Credit
Use the equity in your home to get a secured line of credit today! With a Home Equity Line of Credit or HELOC, equity can be released to be used for any purpose; it can even help you in planning your investments, including establishment of a fund for your children's educational needs.
HELOC can also be attached to a chequing account and simple to use. You may also access these funds through direct payment purchases using your debit card, by writing cheques, or through cash withdrawals depending on the lender. You will receive monthly statements, allowing easy management of your finances. Your account can also be linked to the telephone banking service, ensuring your account information is always only a phone call away or via the internet if that lender has a program for it’s clients.
Benefits
- HELOC value may be as large as 80% of the market value of your home
- The Product can go behind most first mortgages without incurring penalties. No need to change or transfer your current first mortgage! (only available in some provinces)
- You can use some or all of your available line of credit at your convenience
- Flexible repayment options — you can just make the required interest monthly payment or pay a larger amount up to the entire balance
- Your line of credit has no expiry date — it's yours as long as you need it
- Setup fees are as low as $399 plus appraisal costs (only available in some provinces)