Edmonton · Calgary · Vancouver — We Say Yes When Banks Say No

Home Equity Loan in Toronto

Unlock the equity in your Toronto home — whether you're renovating, consolidating debt, or funding a major purchase. Bad credit, self-employment, consumer proposal? We still say yes.

24–72h
Approval
$25k+
Min. loan
All credit
Welcome
Call Toronto: 780 498 6996

Access Your Home Equity

No credit check to start. Answer 3 questions.

No credit check · 100% confidential

40+ GTA lenders No credit check to start Consumer proposals welcome Self-employed programs Funds in 3–7 days

Why Toronto Homeowners Use a Home Equity Loan

🏗️

Fund Renovations & Upgrades

Kitchen renos, basement suites, energy-efficiency upgrades — a home equity loan lets you reinvest in your GTA property at rates far below renovation financing.

💳

Consolidate High-Interest Debt

Roll credit cards, lines of credit, and car loans into your mortgage. Home equity loan rates are 40–60% lower than consumer credit rates.

🚗

Major Purchases & Life Events

Weddings, education, vehicles, or starting a business — a home equity loan gives you the capital without touching your TFSA or investments.

Toronto-Specific Home Equity Considerations

Toronto's real estate market offers exceptional equity opportunities. With typical GTA home values ranging from $700,000 to $1.5 million, many Toronto homeowners have $200,000–$600,000 in usable equity — even with an existing mortgage balance.

A home equity loan lets you borrow against that equity without refinancing your first mortgage. That means keeping your existing rate — even if it was locked in at a lower term — while accessing the cash you need.

Common use cases for Toronto home equity loans include: funding basement renovations for rental income in Scarborough or Etobicoke, covering moving costs for job relocations within the GTA, financing equipment for self-employed professionals in the Toronto tech or creative sectors, or consolidating debt accumulated during periods of underemployment in Canada's most competitive job market. Our network includes private lenders who specialize in fast approvals for Toronto homeowners.

Frequently Asked Questions

Most GTA lenders offer home equity loans from $25,000 up to $500,000, depending on your home's value and existing mortgage balance. You can typically borrow up to 80% of your home's appraised value minus what's still owed. A quick call with Titus Financial will give you a specific estimate.
In practice, the terms are often used interchangeably. A "second mortgage" is registered as a second lien behind your first mortgage. A "home equity loan" may refer to the same product or to a closed-end loan against accumulated equity. Both give you a lump sum using your home as security — the key difference is just how the loan is structured and named. Our brokers will find the product that fits your situation.
Yes — your home equity is the primary factor, not your credit score. We work with lenders who approve based on equity value, even if your credit has been affected by consumer proposals, bankruptcy, or late payments. The better your equity position, the more options available to you.
No. A home equity loan is a separate loan registered behind your existing first mortgage. Your current mortgage rate, term, and lender remain completely unchanged. You're only taking on a new obligation with the equity loan lender.
Most home equity loans through Titus Financial are approved within 24–72 hours of application. The full process — application, approval, and funding — typically takes 3–7 business days. Speed depends on document availability and property type, but we prioritize fast turnarounds.

Also exploring your options? Debt consolidation in Toronto and Mortgage renewal in Toronto — use your equity while you plan.

Ready to access your Toronto home equity?

40+ lenders. All credit profiles. Call or apply online — takes 30 seconds.

Check My Eligibility →

Or call Toronto directly: (780) 498-6996