In most cases, under the H.E.L.P. Home Equity Loan Program if you have equity, you're approved! Click on a question to expand it with the answer or text or call 
(416) 985-3699.
Yes. The same as Canada Mortgage & Housing Corporation (C.M.H.C.) the premium is based on the percentage advanced. In some cases, the H.E.L.P. premium is similar to the combined first and second mortgaging where financed under a C.M.H.C. 1st. mortgage.
While this web site was designed specifically for second mortgages, we also arrange first mortgages. A lawyer must register all mortgage funding against the title of your property.
Your loan request will be reviewed and you will receive a response by email or phone, usually within 48 hours. Once approved, we will contact you by sending a Loan Proposal detailing terms of the loan.
The interest rate for the H.E.L.P. program is currently 6.99% to 7.85%. All renewals are tied to the Royal Bank of Canada rate. So that clients are assured of an ongoing low second mortgage rate, any renewal can never exceed the greater of 7.85% or a maximum of 3.85% above the Royal Bank of Canada 1 yr. open first mortgage rate.