Refinance vs HELOC for a cash-out
Owner-occupied equity only. Rental refinances follow commercial or DSCR underwriting.
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80% LTV ceiling
Takeout is appraised value times 80% minus the current balance, subject to income and the stress test. The new mortgage is uninsured.
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Mortgage vs HELOC
Refinances win for large, long-term draws at mortgage rates. HELOCs win for small, revolving, short draws. We price both.
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Debt consolidation math
Moving 19.99% revolving balances to a mortgage rate only works if the penalty clears and spending patterns change.
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Not rate-and-term
If you are not pulling cash, use the Ontario refinance page. This page is for takeout.
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Residential rates
Owner-occupied and 1–4 unit rate ranges. Commercial and CMB pricing live on their own desks.
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Ontario home mortgages
City pages for the home you live in — purchases, renewals, refinances, and self-employed files.
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Rate-and-term refinance
Lower the rate or reset the term without taking cash out. Penalty math first.
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Self-employed mortgage
Two-year NOA averages, add-backs, and alt-doc paths for the home you live in.
Ontario owner-occupied mortgages
Retail (owner-occupied) paths for the home you live in — not investment underwriting.
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Ontario equity takeout FAQs
Cash-out to 80% LTV on the home you live in.
Ontario equity takeout FAQs
Next steps
Price the takeout before you sign
One call: appraisal path, blended-rate comparison, and penalty math.