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Home Equity Loans

Home Equity Loans British Columbia

Flexible options for home equity loan from Vancouver to all of BC for consolidating debt, renovating or remodeling, investing, making a large purchase at a better rate then a traditional mortgage.

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Pay off your mortgage and cash out or refinance with a home equity loan

Getting approved for the cash you need is simple and seamless with IMI Financial Group. Your home equity can be used for a variety of things such as:

You don’t need to break the bank to renovate your home how you like

Combine larger interest rate credit cards and loans into one single and easy payment

Use your home equity loan to purchase an investment property, continuing education, family vacation and more

Refinance your home for a better rate, switch your mortgage and increase the value of your home

Home equity loan cash out refinance is a great option if you are looking to tap into the value of your home to pay off high-interest debt, finance home improvement projects or just have extra cash on hand. Doing an equity take out bc can be a great way to use your home equity while utilizing lower interest rates as equity take out mortgage bc are usually lower rates than your conventional personal loans. Determining how much equity you have in your home is the value of your home minus your current mortgage balance and that equals how much equity you have. With cash out refinance you can take out up to 85% of your home’s equity.

A second mortgage is a great way to leverage the equity in your home for additional funds. Second mortgages are typically taken out in order to pay for large expenses such as college tuition, medical bills, or home repairs and improvements. With this type of loan, you can borrow up to 85% of your home’s appraised value minus your current mortgage balance. This type of loan may come with a fixed or variable interest rates. Choosing to take out a second mortgage on your existing mortgage could be a little confusing, so speak to IMI Financial Group Mortgage Brokers today and get a second opinion on your mortgage needs.

IMI Financial Group Can Help when you are looking to get your BC home equity loans approved. We offer competitive interest rates and terms to help you get the most out of your loan. Our team will also work with you to customize your loan payments so that they fit into your monthly budget, ensuring that you are able to make timely interest payments without strain. Whether you are looking for a short-term or long-term bc home equity loan, we have the experience and expertise to get you the best interest payments and terms. Contact us today to see how we can help you with your equity loan Vancouver needs in British Columbia. We look forward to helping you!

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Tina Roux Mortgage Broker
Tina Roux

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Consolidate Debt Today

Consolidate high interest debt into a home equity loan

If you’re paying high interest rates on credit cards or other loans, consolidating that debt into a home equity loan or line of credit could help you save money on interest and pay off your debt faster. A bc home equity loan or line of credit often has a lower interest rate than other types of loans, so you could save money by consolidating your debt into one of these products. Plus, you may be able to deduct the interest you pay on a home equity loan or line of credit on your income taxes, which could further reduce the cost of consolidation.

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.

Use your home equity loan to renovate

You can use the money to pay for materials and labor, and you’ll likely see an increase in your home’s value when you’re finished.

If you’re thinking about taking out a home equity loan to finance your renovation, there are a few things to keep in mind. First, you’ll need to have equity in your home to qualify for a loan. This means that your home’s value will need to be greater than the amount you owe on your mortgage.

Next, you’ll need to decide how much money you need to borrow. This will depend on the scope of your renovation project. Finally, you’ll need to compare interest rates and terms from different lenders to find the best deal.

If you’re ready to get started on your home renovation, a home equity loan can be a great way to finance the project.

Thinking about a home equity Loan?

home equity loans are typically much cheaper than other types of loans, they can save you money in the long run.

If you’re thinking about taking out a home equity loan, there are a couple things you should know. First, you’ll need to have equity in your home – that is, the value of your home minus any outstanding mortgages or other liens.

Second, you’ll need to have a good credit score in order to qualify for the best rates. With home equity financing, you can get the money you need and save money at the same time. It’s a great way to make your home work for you.

Home Equity Loans In British Columbia

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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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