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Get Free AdviceAt EquityRich, we provide no-income-verification mortgages for homeowners in the Greater Toronto Area (GTA) and beyond. If you're looking for a mortgage solution that doesn't require proof of income, you've come to the right place.
A no-income mortgage is a type of loan that allows you to access the equity in your home without providing proof of income. This type of mortgage is ideal for self-employed individuals, retirees, or those with irregular or fluctuating earnings. At EquityRich, we base our lending decisions primarily on the value of your home, rather than requiring traditional income documentation.
If you own a home in Ontario with sufficient equity, you may qualify for a no-income mortgage regardless of your employment status. Our equity-based approach means we look at what your home is worth, not what you earn.
The process begins with a consultation to assess the equity in your property. Our experts will walk you through the details of how a no-income-verification mortgage works, helping you understand the options available to you. We'll focus on the value of your home, and we don't require documentation of your income or credit score.
We'll arrange for a professional appraisal of your property to determine its current market value. This step is crucial, as it helps us calculate how much equity you can access.
Once we have your property's value, we'll present you with a personalized loan offer. This will include the loan amount, interest rates, repayment terms, and any applicable fees. Our no-income-verification mortgage lenders will guide you through the details to ensure you're comfortable with the terms before proceeding.
After reviewing and signing the loan agreement, we'll disburse the funds according to your preferred method — whether as a lump sum, regular payments, or a line of credit. We make the process simple and fast, ensuring that you can access the money you need as soon as possible.
With a no-income mortgage, you'll make payments based on the terms of the agreement, but since there are no minimum income or credit score requirements, the process is much more flexible than traditional loans. Repayment is typically due when you sell the property or when you no longer live in the home.
EquityRich is committed to providing no-income-verification mortgage solutions that focus on the value of your property. Unlike traditional lenders, we don’t require proof of income, credit checks, or minimum age limits. We offer first and second mortgages with competitive loan-to-value ratios of up to 70-75%, giving you access to more of your home’s equity.
Our flexible no-income mortgage process is designed to work with your unique financial situation, making it easier to access funds without the usual barriers. Whether you’re looking for a second mortgage or just need access to extra funds, we have the right solution for you.
No credit check. No income verification. Funds in as little as 48 hours.
Get Free Assessment +1-647-667-9957No credit check. No income verification. Our team is ready to help you unlock the value of your home.