Leverage Your Home's Equity
Turn Your Biggest Asset into a Powerful Financial Tool
At Shawn Mooney - Mortgage Architects, I offer Equity Take Out (ETO) solutions designed to help you access the wealth you have built in your home.
Many homeowners are "house rich" but liquidity constrained. An Equity Take Out Mortgage bridges this gap, allowing you to access a portion of your home's value to fund renovations, consolidate high-interest debt, or invest in other revenue-generating properties.
What is an Equity Take Out Mortgage?
An Equity Take Out Mortgage allows you to borrow against the difference between your home's current market value and your remaining mortgage balance. This process provides you with a significant lump sum of money at mortgage interest rates, which are typically much lower than other forms of borrowing.
It transforms your home from a place to live into a dynamic asset that can fund your broader financial goals.
Key Benefits
-
Significantly Lower Interest Rates: Compared to credit cards, personal loans, or unsecured lines of credit, mortgage rates are substantially lower. accessing cash through your mortgage is often the cheapest way to borrow money.
-
Increase Property Value: Reinvesting the funds into home renovations (such as a new kitchen, basement suite, or landscaping) can immediately increase the market value of your property.
-
Flexible Use of Funds: Whether for education costs, buying a vacation home, or maximizing RRSP contributions, you have the freedom to use the funds for any purpose that suits your financial needs.
-
Consolidate Debt: Pay off high-interest consumer debt instantly, improving your monthly cash flow and credit score.
Why Choose Shawn Mooney?
Structuring an equity take-out requires careful calculation to ensure it benefits your long-term net worth.
-
Expert Guidance: With over 20 years of experience, I can help you calculate the "cost of borrowing" vs. the "return on investment" to ensure this is the right strategic move for you.
-
Access to Multiple Lenders: Not all lenders calculate "equity" the same way. I work with a wide range of lenders to find the most favorable loan-to-value (LTV) ratios and rates.
-
Comprehensive Support: From the initial appraisal coordination to the final funding, I offer full support and transparency.
-
Mobile Service: Enjoy the convenience of professional advice that comes to you, with flexible hours to fit your schedule.
Quick Facts
-
Free Consultation: Discuss your options and run the numbers without any obligation.
-
Lender-Paid Compensation: In most cases, the lender pays my commission, meaning you receive expert advice at no direct cost.
-
Alternative Solutions: If traditional banks have turned you down due to income ratios or credit history, I have access to alternative lenders who focus on the equity in your home rather than just your income.
Contact Me Today
Ready to leverage your home’s equity?
Contact Shawn Mooney at Mortgage Architects to learn more about how an Equity Take Out Mortgage can benefit you. Let me guide you through the process and ensure you get the best mortgage solution for your needs.
