Kitchen & Bath Renovations
The #1 use of home equity loans in Ontario. Increase your home's value and enjoy the upgrade now, paying it off over time.
ONE LUMP SUM. FIXED RATE.
TOTAL CERTAINTY.
When you need a predictable payment and a fixed amount, a home equity loan is your play. Perfect for major renovations, one-time expenses, or debt payoffs.
📋 Home Equity Loan vs. HELOC
Structure
Lump SumRate Type
FixedPayments
Equal MonthlyFlexibility
Less FlexibilityBest for
Known ExpenseRate Premium
Slightly Higher$0
Is an Equity Loan Right for You?
Certainty Has Real Value
Unlike a variable-rate HELOC, a home equity loan gives you a locked rate from day one. You know exactly what you'll pay every month for the life of the loan. No surprises.
Fixed interest rate for the full term — budgeting is simple
Get the full amount upfront — ideal for renovation contracts or debt payoffs
Typically 5-30 year amortization options
Can be set up as a second mortgage alongside your existing mortgage
Access up to 80% combined loan-to-value of your home
Common Uses
What Ontario Homeowners Fund
Education Costs
Fund post-secondary education for yourself or your children at a rate far below student loans or personal lines of credit.
One-Time Debt Payoff
Clear high-interest debt once and for all with a single lump sum payment, then pay back your equity loan at a much lower rate.
Know Your Number.
Find out exactly how much equity you can unlock — free, fast, no obligation.