11 Steinway Blvd Unit 13d, Etobicoke, ON M9W 6S9 647-366-9641

Also known as Home Equity Mortgage. Chances are the value of your home has increased since you bought it. At Alpine Credits, a home equity loan can get you access to money based on the increased market value.

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


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.


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

The two major advantages of a home equity loan are a lower interest rate and tax savings.

The interest rate you pay on your average home equity loan is lower than the interest rate you will pay on your average credit card by 8% to 12% or more. Home equity loans also have a lower interest rate than personal loans and other types of non-secured debt.

For home equity loans, depending on what the money is used for, you may be able to deduct the interest you pay on the money you borrow. The interest you pay on credit cards and personal loans is generally not tax deductible.

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.

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 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 647-366-9641

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.

Yes. Some dishonest lenders will seek to make maximum profit at your expense. They may help you get a loan you can’t afford or overcharge you for your loan. You should also be aware of hidden fees or lenders whose loans have a large jump in the interest rate in the second and/or subsequent years of the mortgage.

At Alpine Credits, we strive to share all of the relevant information with you so you are equipped to make the best decision. We welcome our potential borrowers to ask lots of questions and even bring quotes from other lenders to us so, we can truly help people make the best decision.

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 loans based on your home’s equity. Whether you need the money to consolidate debts or for 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.

Use a debt consolidation loan to pay off several high-interest loans (like multiple credit cards) at a much lower rate. By doing this, you can reduce your monthly payments by as much as two thirds.

A few key renovations can increase the value of your property. For example, a new coat of paint and an updated bathroom can often add significant value to your home. If you’re a homeowner we’ll help you get a home renovation loan based on your home’s equity.

Reliance Credits services all of BC, Alberta and Ontario. Fill out the form for a quick reply. Or call us at 647-366-9641

Yes, you can. Our partner, Full Circle Debt Solutions can help you develop a debt management plan.

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.

A bad credit loan from Alpine Credits only requires you to be a homeowner. Even if you have bruised credit, poor credit, bad credit or are just self-employed. If you own a home, we can help.

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 an 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

Credit ratings are designed to do one single thing – rank consumers based on their level of risk to a lender. However, the credit rating system is not perfect. The parameters of how credit is scored are very narrow – factors such as if you pay your credit card bills on time, if you’re a homeowner and if you’re employed. What credit ratings don’t take into account are most external factors. For example, you purposely don’t have credit cards to avoid taking on debt or that you are successfully self-employed. All factors that make you more likely to pay back your loan on time.