Secure your personal loan using home equity to access a lower interest rate and more money compared to an unsecured loan.
Prêts sur la valeur nette d’une propriété in Regina
Home equity loans allow homeowners to tap into your home's value for affordable credit and lower interest rates.Convert home equity into money you can access for debt consolidation, home repairs, large expenses and more. Apply for a home equity loan up to $400,000 online or at your local branch in Regina.
Regina Branches
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Benefits of a home equity loan
Benefits of a home equity loanMoney you can access
Money you can accessHome equity can be a source for financing, providing homeowners with maximized borrowing power.
Lower interest rate
Lower interest rateAccess lower interest rates compared to credit cards and unsecured personal loans.
Fixed interest rate
Fixed interest rateA fixed interest rate over a set repayment period means your monthly payment won’t change.
Longer repayment terms
Longer repayment termsSpread loan payments out over time with loan terms ranging from 1-5 years and amortization periods up to 30 years.
Home equity loan options
Home equity loan optionsSecured personal loan
Secured personal loanLoan amount: $5,000-$60,000
Amortization period: Up to 10 years
Term: 3-10 years
Benefits:
- Lower loan amounts
- Quicker home equity loan application process
- Shorter repayment term
- Fixed interest rate
Second mortgage
Second mortgageMaintain your existing mortgage and take out a second mortgage to access additional funds by leveraging your home equity.
Loan amount: Up to $125,000
Amortization period: Up to 20 years
Term: 1-5 years
Benefits:
- High borrowing limit
- Doesn’t affect the first mortgage – no change in terms
- Flexibility to choose your own term from 1-5 years
- Fixed interest rate
Mortgage refinancing
Mortgage refinancingTake out a new first mortgage to pay off your existing mortgage. Your new mortgage can be for a larger amount than your previous mortgage, giving you access to additional funds.
Loan amount: Up to $400,000
Amortization period: Up to 30 years
Term: 1-5 years
Benefits:
- Higher borrowing limit and lower interest rate
- Only one reoccurring mortgage payment
- Flexibility to choose your own term from 1-5 years
- Fixed interest rate
Home equity loan tools and resources
Home equity loan tools and resourcesFairstone: A Trusted Canadian lender
As a trusted Canadian lender for nearly 100 years, Fairstone is committed to providing financial products and services that enable Canadians to achieve their goals.
Whether you get a loan online or in branch, you’ll receive one-on-one service from a knowledgeable Lending Specialist. Our team is available when you need us, from coast to coast.
How to get a home equity loan
How to get a home equity loan-
Contact your branch
Call or visit your local branch to start a homeowner loan application. You can also start with a loan quote but will need to let your Lending Specialist know you’re interested in a loan secured against home equity.
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Discuss your options with a Lending Specialist
Your Lending Specialist will explain our secured personal loan and mortgage refinancing options, and walk you through the application process.
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Complete the loan application
Once you have submitted your documents and been approved, you’ll have access to your home equity loan. Typically processing time is 3-5 days.
Home equity loan FAQ
Home equity loan FAQInterested in learning more about loans?
Interested in learning more about loans?Try a personalized loan quote or explore our financial tools and resources including loan calculators, FAQs, blogs, videos and more.
Search for answers, tips, tools and resources to help you reach your financial goals.