We understand situations may arise that might require you to access the equity you have in your home to help with credit card debt, plan for home renovations, pay for tuition, or for any other financing needs.

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are both secured by your home, and rates are usually lower than credit cards or unsecured loans.

Here are some key highlights to help you decide which one is best for you.

Home Equity Loan from Alpine Credits

Home Equity Line of Credit

Lending Criteria and Process

  • – We focus on the equity you have in your home, and not on your age, credit, or income.
  • – We aim to get applications approved within 24 hours.
Lending Criteria and Process

  • – Banks look at credit score, debt service ratio, income, employment and personal taxes.
  • – Generally, a longer process due to collection and verification of multiple sources of information.
Interest Rate

  • – Fixed: A consistent payment and rate that remains the same for the term of your loan.
Interest Rate

  • – Variable: Your monthly payments may change if interest rates change
Payment Plan

  • – Fixed payments are based on total loan proceeds (received up front) and the amortization period which may range from 1-year to 25-years.
  • – If eligible, you may make interest-only payments.
Payment Plan

  • – Payments are calculated on the amount of money withdrawn from the line of credit
  • – Payments can be interest-only which doesn’t decrease your outstanding balance

Apply for a Home Equity Loan now!

We’ve been helping people obtain home equity loans for 50 years, now. If you’ve been turned away by the bank for a loan in Canada, we can help find the financing you need.

We understand situations may arise that might require you to access the equity you have in your home to help with credit card debt, plan for home renovations, pay for tuition, or for any other financing needs.

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are both secured by your home, and rates are usually lower than credit cards or unsecured loans.

Here are some key highlights to help you decide which one is best for you.

Home Equity Loan from Alpine Credits

Home Equity Line of Credit

Lending Criteria and Process

  • – We focus on the equity you have in your home, and not on your age, credit, or income.
  • – We aim to get applications approved within 24 hours.
Lending Criteria and Process

  • – Banks look at credit score, debt service ratio, income, employment and personal taxes.
  • – Generally, a longer process due to collection and verification of multiple sources of information.
Interest Rate

  • – Fixed: A consistent payment and rate that remains the same for the term of your loan.
Interest Rate

  • – Variable: Your monthly payments may change if interest rates change
Payment Plan

  • – Fixed payments are based on total loan proceeds (received up front) and the amortization period which may range from 1-year to 25-years.
  • – If eligible, you may make interest-only payments.
Payment Plan

  • – Payments are calculated on the amount of money withdrawn from the line of credit
  • – Payments can be interest-only which doesn’t decrease your outstanding balance

Easy Application – 3 Simple Steps – 24 Hr Approval

1. Apply Online

Using the form on this page or call 1-800-587-2161 to speak to one of our representatives,

2. Get Approved

Approved with 24 hours. Your home equity is the key to your approval. Get approved now!

3. Get Your Funding

We make it easy. Loan funds can be deposited directly into your bank account, once approved.

Loan Examples*

FIRST MORTGAGE

SECOND MORTGAGE

*Disclosure on “Loan Examples” Above

Alpine Credits’ intent is to always have full disclosure on all of our loan offerings. Borrowers are provided with all necessary disclosure prior to entering into any obligation. Our objective is to offer Canadian home owners an alternative to the banks and credit unions (not a replacement). Typically, you will find our rates to be higher than the banks; however, with this in mind, we are usually more efficient than the banks in getting you your money and may lend in situations where the banks (and other traditional lenders) will not. Once we have provided you with all necessary information, the decision will be left with you as to whether or not you wish to proceed with our offer. Thank you for your consideration. We look forward to speaking with you soon.

All of the above examples are for discussion purposes only. It is important the reader is aware that the examples may represent the lower priced range of our product offerings. Rates on our loans are subject to change and may vary (up or down) based on the equity you have in real estate, the state / condition / location of your real estate, your personal financial situation and the Canadian mortgage market. The examples are all based on interest only monthly payments (you may elect to pick a shorter amortization to pay off your loan sooner) in which the rate in year 2 increases to the prime rate plus 3.75% and the prime rate plus 6.00% for the first and second mortgages respectively. The Cash Advance in all of the loans above represents the net amount of money to be received. The “Gross Amount” for the $100,000 / $300,000 / $25,000 / $50,000 loans in the examples above are $110,500 / $327,900 / $29,500 / $58,140 respectively. The difference between the Gross Amount and Net amount represents closing costs which includes items such as legal fees, appraisals, brokerage fees, etc. (“Fees”). The APR will increase / decrease in the event of higher / lower Fees. Once again, thank you for your consideration.