Refinance vs HELOC for a cash-out
Owner-occupied equity only. Rental refinances follow commercial or DSCR underwriting.
-
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.
-
Mortgage vs HELOC
Refinances win for large, long-term draws at mortgage rates. HELOCs win for small, revolving, short draws. We price both.
-
Debt consolidation math
Moving 19.99% revolving balances to a mortgage rate only works if the penalty clears and spending patterns change.
-
Not rate-and-term
If you are not pulling cash, use the Ontario refinance page. This page is for takeout.
-
Residential rates
Owner-occupied and 1–4 unit rate ranges. Commercial and CMB pricing live on their own desks.
-
Ontario home mortgages
City pages for the home you live in — purchases, renewals, refinances, and self-employed files.
-
Rate-and-term refinance
Lower the rate or reset the term without taking cash out. Penalty math first.
-
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.
“Scott and Kirann were fantastic to work with. This was our first home purchase and along with planning a wedding, honeymoon, and still working our full-time…”
“I can't recommend Gillian Irving and Scott Dillingham at LendCity™ highly enough. My husband and I worked with them on a surprise purchase that ended up being…”
“I recently worked with Scott and Aya on a mortgage transaction and had a positive experience. They were knowledgeable, responsive, and focused on achieving…”
“Scott & Kirann were incredibly helpful, professional, and kind throughout the entire process of securing my first mortgage. Both agents have a wealth of…”
“Scott and Aya were very helpful with the purchase of our first home! Got us a great rate with no stress!”
“Great working with Lend City Mortgages! I truly appreciate how Scott and Kirann handled the entire process—professional, efficient, and always on top of…”
“LendCity™'s Scott Dillingham and Kirann Sharmaa went up, over and beyond helping me with all the fine details of the mortgage process as well as locking in the…”
“LendCity™ provides an excellent experience from start to finish! Scott is extremely knowledgeable & efficient. Highly recommend to anyone looking for reliable…”
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.