Other Mortgage Products

Other Products
 
 

Alberta Equity Added Mortgage Services

Tailoring the best financing options in Canada to fit you

No one would expect that every person in Canada wear the same size shoe or jacket, just as we do not expect that every Canadian would benefit from the same type of financing. Alberta Equity offers a vast range of mortgage products to ensure that the financing you need is the financing you receive.

Several of these particular mortgage offerings are outlined below.

Line of Credit

Line of Credit

The Line of Credit is a good alternative to a regular home loan. If you prefer the flexibility of an open-option loan secured against your home then this product might be for you. Alberta Equity has access to these products and can advise you on which product will meet your needs.

Line of Credit is:

  • Open, with no penalty if you choose to pay the full amount back at any time
  • Available for use again and again as long as payments are made on time
  • Secured against the home and can be re-advanced up to 80 per cent of the home's appraised value
  • Able to be converted to a regular mortgage (if you choose at any time)
  • Easy and cost effective to set up through Alberta Equity
  • Learn more about Lines of Credit
Apply Now
Reverse Mortgage

Reverse Mortgage

Reverse Mortgages are popular for some borrowers because they unlock the equity in a home for other uses. However, you must be at least 60 years of age to be eligible. Alberta Equity can advise you on how to take advantage of this product.

Reverse Mortgages offer:

  • Loan amount doesn't have to be repaid immediately
  • Availability in designated geographic areas in Canada
  • No loan payments required
  • Funds available in lump sum payments or planned advances - tax free
  • Clients keep complete and full ownership of the home
  • Learn more about Reverse Mortgages
Apply Now
Secured Credit Card

Secured Credit Card

Secured Credit Cards are available through several lenders in Canada. This product offers the opportunity to build, or rebuild your credit while using a regular credit card. Many people with limited credit, no credit or previously damaged credit may qualify. We can point you in the right direction.

Secured Credit Cards:

  • Require a deposit to open a credit card account
  • Help poor credit and bankruptcy cases get approved for a credit card
  • Are accepted everywhere non-secured cards are accepted
  • Report to the credit bureau agencies immediately
  • Require regular monthly payments based on the outstanding balance
  • Have a fast and easy application process
  • Learn more about Secured Credit Cards
Apply Now
Investment Financing

Investment Financing

‘How are you saving for retirement?’ has become one of the most frequently asked questions in Canada today. Canadians are living increasingly longer and healthier lives, which necessitates a solid base from which to cull retirement savings. Alberta Equity works with lenders to offer financing options that free equity, allowing you to draw funds on your property, to invest as you determine. Diversification is key to a successful investment portfolio. Discuss your financing options with one of our representatives today.

Investment Financing are:

  • Free funds to apply to Registered Retirement Savings Plans, Guaranteed Investment Certificates, Tax Free Savings Accounts, mutual funds, bonds, stocks or other investment possibilities.
  • Become available through a Home Equity Line of Credit, offering the bonus of interest only payments at a rate based on prime.
  • Be procured through a Home Loan Equity Take-Out, which ensures you stay on course with a re-payment schedule while your investment dollars are working for you.
  • Learn more about Investment Financing
Apply Now
Line of Credit

Home Equity Loans and Lines of Credit

At many junctures in life we may find ourselves in need of financing, whether that be toward a second property, a rewarding investment, a major purchase or to fund tuition. Home equity loans and lines of credit afford that financing through the equity you have built in your home. Financing may be freed in one lump sum or withdrawn through a line of credit as you need it.

Home Equity Loans and Lines of Credit are:

  • Flexibility. Obtain funds as you determine, in closed, open or blended terms.
  • Payment options. Choose between interest only payments or amortized fixed or variable rates.
  • Financing up to 80% of the appraised value of your property.
  • Learn more about Home Equity Loans and Lines of Credit
Apply Now
Vacation Financing

Vacation Financing

Freeing the funds necessary to take that dream trip or visit family abroad is not as taboo as it may seem. In fact, refinancing to access equity for vacationing could also allow you the opportunity to obtain a lower mortgage rate and consolidate any debts you currently have outstanding into one lower mortgage payment.

Vacation Financing is:

  • A good opportunity to reassess your current mortgage rate and terms.
  • Available at today's low mortgage rates.
  • A positive alternative to relying on credit cards with interest rates in excess of 18%.
  • Learn more about Vacation Financing
Apply Now
* Note: Posted rates are for residential mortgages only. Commercial mortgage rates will differ.