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How it works

Answer 3 simple questions and get approved in less than 24 hours. It’s that easy.

Whether it’s $10,000 or $500,000 – Alpine Credits is your best alternative to the bank.

Unlock the equity in your home

A loan from Alpine Credits is simply a mortgage against your property or any other real estate you own. We offer first, second and, in certain cases, third mortgages. You can borrow for needs such as a home renovation, loan consolidation, starting a business, temporary needs, and more.

It’s highly likely the value of your home has increased since you bought it. Now is a great time to access money based on the increased market value of your home.

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How it works
Home Equity Loans

Get a loan in 3 easy steps


Apply online in minutes

Answer a few simple questions to see how much you qualify for. There’s no obligation and it won’t affect your credit score.


Get approved in less than 24 hours

One of our lending specialists will help you customize the details of your loan.


Funds are deposited directly into your account within a week.

That’s it. You’re done!

Apply now

Own your home?
You’re approved.

Unlike traditional banks, all you need to qualify for a loan at Alpine Credits is to own your home. We make the process as quick and easy as possible. Applying for a loan with us won’t affect your credit score.

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Alpine Credits

Do you own
your home?


Traditional Banks

Own your home?

Credit history?


Employment status?


How much equity do you have?

To find out how much equity you have in your home, simply subtract the amount you still owe on your mortgage from the current value of your home. For example, if you have a $100,000 balance on your mortgage and the current value of your home is $500,000, your home equity value would be $500,000 – $100,000 = $400,000.

A home equity loan allows you to convert your home’s locked value into capital which can help you meet your financial needs.

Home Equity Loan Equation
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Get a no-obligation quote today

Are you curious to know how much you could borrow to consolidate loan, work on a home renovation project, or reach a financial goal? Answer 3 simple questions to find out. There’s no commitment required and it won’t affect your credit score.

Apply now

Frequently asked questions about home equity loans in Canada

A home equity loan can get you access to a large amount of money based on the equity in your home.

To calculate how much you can borrow with a home equity loan, simply use this equation:

Present Value of Your Home – The Amount Owing On Your Mortgage = Home Equity

For example:

If you bought a home 20 years ago for $200,000 and have paid $150,000 of your first mortgage, you now only have $50,000 remaining to pay.

Over the 20 years you have owned the home, its value has increased, giving it a present-day value of $750,000. By taking the present-day value and subtracting the amount remaining on your mortgage, you will get your home’s equity.

$750,000 (present-day value) – $50,000 (amount remaining on the initial mortgage) = $700,000

With an Alpine Credits home equity loan, you could have access to up to 75% of your home’s equity within a week.

You can use a home equity loan for anything. Common uses include debt consolidation (paying off high-interest credit card debt), home improvements, paying for an education expenses/tuition, investments, starting a business or growing an existing business, taking a dream vacation or providing you with additional cash flow for any temporary situation that may arise. You can also use a home equity loan to pay for medical emergencies or as a business investment to buy another piece of property.

Use the following equation to calculate how much home equity you have.

Current value of your home – Amount outstanding on your mortgage = Home Equity

First, calculate how much home equity you have. Once you’ve determined your home’s equity, you could have access to a portion of that equity within a week from Alpine Credits.

At Alpine Credits, we can have your home equity loan application approved within 24 hours and you could have money in your bank account within one week.

Simple! You can call, or apply online. Applying online is easy, secure and will take less than 2 minutes. If you apply during our normal business hours, an Alpine Credits lending specialist will call you back within 2 business hours. If you prefer to speak to a lending specialist sooner, we are available to answer your questions from 6am to 6pm PST (9am to 9pm EST) Monday to Friday and from 9am to 5pm PST (12 noon to 8pm EST) on Saturday. Feel free to call us at 1-800-587-2161.

A second mortgage may also be known as a home equity loan. The mortgage you obtained when you purchased your home is your first mortgage and a subsequent mortgage or, home equity loan would be a second mortgage.

Second or third mortgages can be used to consolidate outstanding debt from other sources, renovate your home, pay for your child’s education, start or finance a business or, be used for any reason you see fit.

If you’re considering taking out an additional mortgage on your home, we encourage you to speak with our mortgage specialist who will discuss your unique financing needs. After researching and discussing your options, we will provide you with the best financing solution for you.

Your monthly payment will be automatically debited from your bank account on the same day of each month that was agreed upon between you and your lending specialist.

We do not offer lines of credit. What we do offer are lump sum amounts based on your home’s equity. Whether you need the money to consolidate debts, home renovations or a vacation, we can help. Unlike the banks, Alpine Credits will get you the money you need. Regardless of your age, credit or income.

Alpine Credits services all of British Columbia, Alberta and Ontario. Fill out our online application form for a quick reply. Or call us at 1-800-587-2161.

As a home equity lender, the predominant criteria we consider when approving a home equity loan is the equity you have in your home, so you can definitely obtain a home equity loan if you are self-employed. Typically, we can approve a home equity loan application within 24 hours regardless of your credit, age or income history.

There are numerous reasons why borrowers may choose to refinance the loans they already have. Some of these include:

  1. Lowering the monthly payment
  2. Lowering the interest rate
  3. Switching from a variable rate mortgage to a fixed rate mortgage or vice-versa
  4. To refinance for a higher amount in order to pay off other debts or get cash
  5. To change the remaining term of the loan
  6. An existing lender may choose not to renew the existing loan, and a new lender is needed.