Equity, on your terms.
A Home Equity Line of Credit gives you flexible access to your home's value — for renovations, investments, or whatever the next chapter brings.
The most flexible product in mortgage finance.
A HELOC is a revolving line of credit secured against your home. You only pay interest on what you use, and you can draw, repay and re-draw as needed.
Used well, it's a powerful tool. Used poorly, it's expensive. We'll make sure yours is set up — and used — strategically.
- Borrow up to 65% of your home's value
- Pay interest only on what you use
- Draw, repay, re-draw — flexibly
- Combine with your mortgage in one product
- Lower rates than personal loans or cards
- Strategic use for investments or renos
A calm, guided path from start to keys.
Every client moves through the same considered framework — no surprises, just clarity.
- 01
Equity Assessment
We confirm available equity through a quick valuation.
- 02
Lender Match
Different lenders structure HELOCs very differently. We'll match yours to your usage pattern.
- 03
Approval & Setup
Application, appraisal, legal — handled.
- 04
Ongoing Strategy
We check in to make sure you're using the product as intended.
Questions, answered.
How is a HELOC different from a mortgage?+
A mortgage is a fixed loan with scheduled payments. A HELOC is a revolving credit line — you can draw and repay repeatedly during the term.
What's the maximum I can borrow?+
In Canada, a stand-alone HELOC maxes out at 65% of your home's value. Combined with a mortgage, the total can go up to 80%.
What is the interest rate on a HELOC?+
HELOCs are variable, typically priced at prime plus a small premium. Rates change with the Bank of Canada's overnight rate.
Can I get a HELOC if I'm self-employed?+
Yes. We work with lenders who underwrite self-employed clients thoughtfully, including stated-income programs where appropriate.
Let's find your best mortgage.
Speak with an Elevated advisor and get tailored options within 24 hours.