3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
A HELOC (Home Equity Line of Credit) — lets Toronto homeowners borrow against their property's equity as a revolving line — draw and repay as needed, paying interest only on the outstanding balance. Homeowners with 20%+ equity can access up to 65% of their home's appraised value. lendsimpl compares 50+ lenders across Toronto and Ontario. FSRA Licensed Brokerage #13763.
Uses, qualification criteria, HELOC vs. refinance, and current rates.
5.0 on Google (19 reviews)FSRA Brokerage #13763Toronto & Ontario-wideTakes about 30 seconds · Free · No obligation
From your equity numbers to a lender match — every step confirmed in writing.
Home value, mortgage balance, and what you want the HELOC for — no obligation to proceed.
Banks, credit unions, and monoline lenders compared side-by-side for the lowest available HELOC rate.
Once set up, draw funds anytime via online banking — repay and redraw as needed.
Ready to see what you qualify for?
Tell us your property numbers — we'll tell you what's possible.
65%
Of your home's appraised value
Prime + 0.50–1.00%
Variable — among the lowest borrowing costs available
50+
Banks, credit unions & monolines
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) arranging HELOCs across Toronto and Ontario. Your rate and available credit depend on your equity, credit profile, and the lender selected. All applicable fees are disclosed in writing before you proceed — as required by FSRA regulations.
You pay interest only on the amount you draw, not your full credit limit. Any fees that apply to your file — appraisal, setup, or otherwise — are disclosed in writing before you commit to anything.
Want to know your available equity?
We'll run the numbers with you.
A HELOC is revolving credit secured by your home — draw and repay as needed, paying interest only on the outstanding balance
Toronto homeowners with 20%+ equity can access up to 65% of their home's appraised value
HELOC rates are typically Prime + 0.50% to Prime + 1.00% — among the lowest borrowing costs available in Ontario
lendsimpl compares 50+ lenders — banks, credit unions, and monolines — so you see the full market, not one lender's rate
Have a use not listed here?
Call us — HELOC uses are more flexible than you'd think.
5.0 on Google
19 reviews
65%
Max LTV on a Toronto HELOC
50+
Lenders compared side-by-side
#13763
FSRA Licensed Brokerage
We review your equity, income, and goals, compare 50+ lenders side-by-side, and show you exactly what you qualify for — before anything is submitted to a lender.
See it for yourself.
Licensed brokers, straight answers.
Tell us your goals — renovation, debt consolidation, investment, or reserve. We review your equity, income, and property with no commitment.
We compare 50+ lenders — banks, credit unions, and monolines — and present the best HELOC rates and products for your situation.
We submit to the chosen lender, coordinate the appraisal, and handle the paperwork.
Once set up, draw funds anytime via online banking — repay and redraw as needed, paying interest only on what you use.
Keep the line open as a standing resource, or pay it down — a HELOC has no fixed repayment schedule like a term loan.
Ready to get started?
Share your numbers, or ask a question first.
Both unlock your home equity — the right choice depends on how you plan to use it.
Draw and repay as needed, paying interest only on the drawn amount. Variable rate (Prime+), up to 65% LTV, no prepayment penalty. Best for ongoing or phased needs — renovations, investments, or a standing reserve.
One lump-sum draw at closing, fixed or variable rate, up to 80% LTV. Best for a single large need. Breaking mid-term can carry an IRD or interest penalty.
Learn more →Not sure whether a HELOC or refinance fits?
Tell us the situation — we'll tell you what's possible.
Your mortgage must be below 80% of appraised value — most homeowners qualify after a few years of ownership or appreciation.
Prime lenders typically require 650+. Alternative lenders and credit unions may accept lower scores.
Must pass the federal mortgage stress test. Self-employed borrowers qualify through stated-income or alternative-documentation programs.
The property must be in Ontario and serve as your primary residence or a qualifying rental.
Not sure if you qualify?
No obligation — let's talk through the options.
5.0/5 average rating
Join Toronto homeowners we've funded.
Licensed Ontario brokers, real results.
Rather just talk it through?
A licensed broker is one call away.
Straight answers on qualification, rates, and how a Toronto HELOC compares to refinancing.
Have a question we didn’t answer?
Our licensed broker team is happy to help.
A HELOC (Home Equity Line of Credit) lets Toronto homeowners borrow against built-up equity in their home. It's a revolving credit line — draw and repay as needed, paying interest only on the outstanding balance. Toronto homeowners with 20%+ equity can access up to 65% of their home's appraised value.
Still have questions?
No obligation — just answers.
From Toronto to the rest of the GTA and across Ontario — lendsimpl arranges HELOCs wherever your property is located.
Have a property in one of these areas?
Let's find your HELOC options.
lendsimpl compares 50+ lenders to find the best HELOC for your Toronto property — renovations, debt consolidation, or investments, at near-prime rates. We show you exactly what you qualify for and confirm the terms in writing before you commit to anything. FSRA Brokerage #13763.
No forms, no waiting on a callback — pick a slot for a 15-minute call with a licensed broker directly below.
Hello — I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.