08/11/2026
💥You've been paying down your mortgage for years. Your home has likely appreciated in value. That gap between what your home is worth and what you owe? That's equity, and it can work for you.
🏠A Home Equity Line of Credit (HELOC) lets you borrow against that equity, up to a maximum of 65% of your home's value, at a significantly lower rate than most other credit products.
😲Unlike a refinance, a HELOC is revolving, meaning you borrow what you need, when you need it, and only pay interest on what you use.
Common uses:
✅ Home renovations that increase your property value
✅ Investment down payments
✅ Education costs
✅ Emergency fund backup
✅ Debt consolidation
💥Important to know: A HELOC uses your home as collateral, and if you sell, it must be repaid. It's a powerful tool, and like all powerful tools, it works best with the right guidance.
📩 Curious what you might qualify for? Let's take a look at your equity position together.
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Prairie West Mortgage Group Inc.
📩Email: [email protected]
📲Text/call: 780-245-5568
🖥Web: pwmortgage.ca
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