Home Equity Loan
Online Estimate
No bank visits. Digital & hassle-free.
Rates updated Apr 17, 2026
Rates updated Apr 17, 2026
Get your best rate in 3 steps
- 1See how much you can borrow
- 2Compare your monthly payments
- 3Connect with a broker
360Lending is an award-winning digital mortgage brokerage
Since 2015, our team helps Ontario homeowners get better rates on home equity loans, HELOCs, and mortgages.
2,000+ Reviews
Rated A+ by BBB.org. Our brokers are dedicated to providing the best customer service in the industry.
Easy Digital Tools
Get an instant estimate, schedule a call with a broker, and review your options from the comfort of home.
100% Transparency
No hidden fees, ever. Our technology shows you options + pricing to help you decide with confidence.
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No Minimum Credit or Income
Cut your credit card monthly payments by up to 50%
Get cash with your home equity at low rates without affecting your current mortgage. Our clients save $750/month or $9,000/year on average by consolidating $50,000 in credit cards. Credit score improvements usually begin within 60 to 90 days.
Access your home equity in 5 steps:
1
Get pre-approved in 60 seconds
See how much you can borrow and your estimated monthly payments before speaking with a broker.
2
Talk to your broker (24 hours)
At the end of your pre-approval, book a call with our team to confirm your goals, details, and timeline.
3
See how much you can save
Receive a personalized report of your qualifications, options, and how much you can save with a home equity loan.
4
Access 50+ mortgage lenders
We negotiate with a vast network of lenders to get you the best rates for your situation.
5
Receive funds within 5 to 8 days
Have your funds deposited into your account within 5 to 8 business days after your documents are signed.
Paid off $25,000in credit card debt
Paid contractors $15,000for emergency repairs
Received $10,000for expenses
$50,000 Cash Flow Boost
Connor and Emily are in their mid-thirties and they inherited their home from their parents a few years ago. Connor is working as an apprentice for a local electrician so he doesn't make a lot of money yet, and Emily just started her new job in software sales after working as a nurse for her entire career.
The couple had about $25,000 in credit card debt, but were making ends meet—until they discovered water damage and repair needs they couldn’t cover. They approached several banks but were declined due to limited income and credit history. A personal loan or unsecured line of credit wouldn’t offer enough, and they didn’t want to pursue mortgage refinancing just to access funds.
In our early conversations, our team walked Connor and Emily through a comparison of home equity loans and HELOCs. We helped them understand why a lump-sum loan made more sense for their situation—fixed rates for home equity loans offered stability, predictable payments, and peace of mind, especially with a tight budget.
How to Get a Loan Against Home Equity:
We advised the couple to get repair estimates, which came to about $15,000. They needed $50,000 total to handle repairs, consolidate their high-interest balances, and have some cash on hand. A home equity loan (as a second mortgage) would allow them to keep their low-rate first mortgage untouched.
They asked about the requirements for a home equity loan in Ontario, since traditional lenders had turned them down. Our team explained how home equity loans in Canada are often more flexible when you have at least 20% equity, even if income or credit isn’t perfect.
Our team arranged an appraisal to verify their home's value and the extent of the damage, while also preparing them for potential administrative fees and closing costs involved in funding.
Our mortgage specialists took the time to guide them through every step. We made the process simple by explaining the product, verifying their equity, and arranging a lender that matched their needs. They were relieved to find an option that didn’t require refinancing their current mortgage or selling their home.
Results
Connor and Emily were approved for a $50,000 home equity loan in Ontario with an affordable monthly payment. Their fixed interest rate gave them predictable costs, which made budgeting easier—something not always possible with variable-rate HELOCs. They repaired the water damage, paid off their debt, and got an extra $10,000 to help with other expenses.
Get an estimate of your monthly payment:
Apply for a home equity loan in Ontario, Canada
Have the following documents ready to ensure a seamless experience:
2 valid IDs (i.e. passport)
Direct deposit (or void cheque)
Home insurance
Mortgage statement
Property tax bill
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360Lending empowers families with tools for better decisions and prioritizes client care for success.
9040 Leslie St, Unit 215
Richmond Hill, Ontario, L4B 3M4
Mon-Wed9am-8pm
Thurs-Fri9am-5pm
Sat-SunClosed
