Welcome to Simply Approved Mortgages, where your home’s equity can be transformed into financial freedom. Whether you’re looking to consolidate debt, fund home improvements, or manage unexpected expenses, our home equity loans offer flexible solutions tailored to your needs. Let us guide you through the process with expertise and ease.
A home equity loan allows homeowners to borrow against the equity they’ve built in their homes. Often referred to as a “second mortgage,” this loan provides a lump sum of money upfront, which is repaid over a set term with fixed monthly payments. Home equity loans are an excellent way to finance renovations, consolidate debt, or fund major expenses.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Access to Cash:
Fixed Interest Rates:
Flexible Uses:
Tax Advantages:
Lower Rates than Personal Loans:
At Simply Approved Mortgages, we operate with a 1.5% fee, significantly below the industry standard. This ensures more savings for borrowers without compromising service quality.
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Home equity loans are secured by the value of your home. Lenders calculate how much you can borrow based on the loan-to-value (LTV) ratio of your home.
Home Equity:
Credit Score:
Debt-to-Income Ratio (DTI):
Loan Amount:
Property Type:
Gather Documentation:
Get Pre-Approved:
Your Mortgage Journey Starts Here:
Close Your Loan:
Home Renovations:
Debt Consolidation:
Major Life Events:
Emergency Funds:
| Feature | Home Equity Loan | HELOC |
|---|---|---|
| Payout | Lump sum upfront | Withdraw as needed |
| Interest Rate | Fixed | Variable |
| Repayment | Fixed monthly payments | Interest-only during draw period, then full repayment |
| Flexibility | Best for large, one-time expenses | Ideal for ongoing expenses |
At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:
👉 Explore these options today and find the perfect mortgage solution for your needs!
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
Most lenders allow you to borrow up to 85% of your home’s value, minus your mortgage balance.
While credit requirements vary, and you can get a home equity loan with a lower credit score, most lenders prefer a minimum score of 620.
Yes, many lenders offer home equity loans for secondary homes or investment properties.
The process typically takes 2-6 weeks from application to funding.
Take control of your home-Take the guesswork out of your home-buying journey. Use our Mortgage Calculator to estimate your monthly payments and make informed financial decisions.
Start Now:
Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.
Get a free credit score check to understand where you are and how to move forward.
Small changes in your credit score can lead to significant savings on your mortgage.
Stay on top of your credit health with credit monitoring, so you can catch issues early and maintain a strong score.
Discover how your credit score affects your mortgage options and rates. Plus, get personalized offers through our partner services to help you find the best loan for your financial situation.
Powered by our credit monitoring partner at Myfreescorenow.
No credit card is needed to sign up.
Remember that a good credit score can lower your interest rate on your mortgage.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Reduce your monthly payment or loan term while unlocking the full potential of your home’s equity!
Unlocking the American Dream, One Home at a Time
NMLS# 2620881 | NMLS Consumer Access Record