Richmond Hill Homeowners: Your Home Equity Can Do More Than You Think

While traditional Richmond Hill mortgage rates are dictated by the Bank of Canada and personal credit scores, equity-based rates are customized to the specific risk and value of your property. Our solutions offer the flexibility that standard "rate-sheet" products cannot provide.

Absolutely. We specialize in helping homeowners who have been turned away due to the mortgage stress test, self-employed income, or credit issues. If you have equity in your property, we have a solution for you.

Most equity-based products in Richmond Hill allow you to access up to 80% of your property’s current market value, depending on the specific product and your property type.

Private mortgages are typically used as a short-term "bridge" (1-2 years) to help you achieve a specific goal, such as consolidating debt or finishing a renovation, before transitioning back into a traditional mortgage.

No. Our primary focus is on the value and equity of your home. While we review your overall profile, a lower credit score is rarely a deal-breaker for our equity-based programs.

A bridge mortgage may be helpful if you are buying a new home before your current property sale closes. It gives you short-term financing to help complete the purchase on time.

Yes. Equity Rich helps homeowners access funds through equity-based mortgage options, allowing you to use the value in your home while keeping ownership of the property.

The documentation required depends on the type of mortgage you're applying for, but in general you can expect to provide details about your property, information on your existing mortgage, and some basic identification. Because many of our solutions are equity-based, the income and credit documentation required is often far less extensive than what a traditional lender would ask for. Our team will let you know exactly what's needed once we understand your situation.