Home Equity Loans BC | IMI Financial Group2023-03-08T12:29:23-08:00
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Home Equity Loans

Home equity loans are a great way to get cash for the things you need.

We’re a leading provider for Home equity loans in BC. We can provide you with the funds you need to consolidate debt, make home improvements, or even for taking a much-needed vacation.

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Is a home equity loan right for you?

A home equity loan in BC is a type of loan that allows you to use the equity in your home as collateral. Equity is the portion of your home’s value that you own outright, minus any outstanding mortgage or other liens. For example, if your home is worth $250,000 and you have a mortgage for $150,000, you have $100,000 in equity.

Imagine walking into your newly renovated home – it would be everything you ever wanted and more. With IMI Financial Group, that dream can become a reality. We want to make your home renovation as easy and stress-free as possible, so you can focus on what’s really important – enjoying your new space.

Being able to finally breathe again, knowing that all of your debt is now taken care of. With IMI Financial Group, that’s exactly what you can expect with our home equity consolidation loans. We’ll work with you to create a custom plan that fits your unique needs and helps you get back on track financially.

The IMI Financial Group offers a unique investment opportunity that allows you to use your home equity as collateral. This means you can invest in the stock market while having a safety net.

home equity loans for families
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Tina Roux

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What are the benefits of a home equity loan?

How can a home equity loan align with your financial goals?

Lower Interest Rates

Home equity loans offer a lower interest rate than other types of loans. This can help you save money on interest over time and make it easier to pay off your loan.

Flexible Repayment Terms

Home equity loans often come with flexible repayment terms, which can give you the flexibility to choose a payment schedule that fits your budget.

Potential Tax Deductions

Interest paid on a home equity loan may be tax-deductible. Speak to a home equity loan expert at IMI Financial Group to see if you can qualify.

What Exactly Is A Home Equity Loan?

A home equity loan is a lending product where the borrower uses their home as collateral to secure financing. The loan amount is based on the value of the equity in your home, which is the difference between your home’s appraised value and any outstanding mortgage or lien balance. In order to qualify for a home equity loan, you must have a certain amount of equity built up in your home. For more information visit Canada.ca on borrowing against your home.

Is it possible to get a home equity loan with bad credit

If you have equity but bad credit, don’t be concerned. In general, IMI Financial Group’s lending partners approve loans based on the amount of equity in your house, not your credit score. We offer home equity loans to people in Canada with bad credit who have been rejected because of their credit or because they do not fulfill income requirements. We provide a number of alternatives to fit almost any scenario if you’ve been rejected by one of the big banks for any reason. Although not all lenders have adopted the same stringent restrictions as the large banks, we still offer home equity loans based on sound lending standards.

Our Company Average

98%

Approval Rate

Higher Approval Rates Than The Average Broker

88%

Savings

More Options Means More Savings For Our Happy Clients

99%

Customer Satisfaction

4.9 Star Rating With Over 140 Google Reviews.

What Our Customers Are Saying

Chris Debt Consolidation and mortgage refinance testimonial
“I was diagnosed with a brain tumor and was in the hospital for months. Before that I was self employed so the bank wouldn’t help me because of my income statement. My credit cards all had high balances. IMI Financial Group was able to consolidate my credit and save me from my monthly payments of $2207.46 and get me $50k to do renovations for my home.”
Chris

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“Our previous broker told us we were out of luck because of our consumer proposal. Had the chance to speak to the team at IMI and they were able to get us a private mortgage to pay off our consumer proposal early and got us a great rate despite our situation!.”

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