Unlock your home equity

Simply put, home equity is the difference between the value of your home and your current mortgage balance. For example, if you have a $300k mortgage, but your home is valued at $500k, you have $200k in equity.

If you qualify, you can get a Home Equity Line of Credit (HELOC). A HELOC is a secured line of credit that only charges interest on the funds you withdraw. 

There are many different ways people use their HELOC. What you use yours for depends on what your financial needs and goals are. Below are some examples of what you can use a HELOC for.

Has your home increased in value? We can find out how much your home is valued at in today’s market and help you get qualified for a HELOC.

Updated licensing should read: Mortgage Services Inc. is currently licensed in Alberta, Ontario (#13444), British Columbia (MB600606), Newfoundland & Labrador (22-07-NE115-1), New Brunswick (220015509) and Nova Scotia (2021-3000379), with all applications pending across Canada

Leveraging your equity

Explore your options with Neo Mortgage