Common FAQs

Traditional solutions require:

• Credit checks (yours may be damaged)

• Income verification (you may be struggling)

• Monthly payments (adding to your burden)

• Long approval times (you need help now)

Our solution: None of the above. Just your home value/equity and 3-5 days to get you the lump sum money in your account.

Actually, no - here's why this is different:

• You're eliminating multiple debts and replacing them with ONE manageable solution

• Zero monthly payments means you're not adding to your monthly burden - you're reducing it

• You're buying time (8-12 months) to reorganize without payment pressure

• Example: If you have $800/month in credit card payments, $400 in other bills - that's $1,200/month gone. Our solution? $0/month while you get back on track.

HOW YOU QUALIFY - REQUIREMENTS:

To qualify, you must meet the following requirements:

• ✅ Own the property — You must be the registered owner on title.

• ✅ Only one existing mortgage — The property should have only one debt or mortgage currently registered on title.

• ✅ Have at least 40% home equity (the higher, the better) Example:
  

- A home valued at $1,000,000 with a $400,000 mortgage = $600,000 equity (60%) → Qualifies

- A home valued at $1,000,000 with a $700,000–$800,000 mortgage = $200,000–$300,000 equity (20–30%) → Does not qualify

Here's another example:

If your home is worth $500,000 and your first mortgage is $235,000, you can access $65,000 in equity— and still stay under 60% LTV. ($235,000 + $65,000) = $300,000 total debt on home. $300,000 / $500,000 = 60% = You meet the LTV requirement.

👉 So, Lower LTV = Lower risk = Easier approval

• ✅ Active home insurance required — Your insurance must remain active with the 2nd mortgagee listed as a loss payee for the full term.

5 Steps to getting your Equity Life Line money once you qualify

1. Homeowner Application Quick application specifically designed for homeowners with equity—no judgment about your crisis.

2. We determine your home value compared to existing mortgage We evaluate your home equity position, not your credit or income. Once the figures are in line with our requirements, we finalize a commitment letter for your Equity Life Line loan.

3. Legal Documentation / signing final documents Meet with our lawyer to secure your lifeline against your home equity. Update home insurance policy to add new Equity Lender as 2nd mortgagee (keeping your existing lender as first mortgagee)

4. Receive your lump sum money Equity Life Line funds - after processing fees - deposited into your account within 3-5 business days (timeframe may vary based on each person's situation)

5. Financial stress resolved Use your lifeline to clear payment backlogs, pay off debts, invest - all while keeping your home—no monthly payments dragging you back down.

Legal Fees + Life Line Loan processing / Lender fee deducted from principal amount before advancing you the difference.

• Legal fees: Approximately $850 for signing with our lawyer (excludes legal disbursements & HST)

• Total Loan financing/administration cost: 6-8% of loan amount deducted from the amount you need (approximately $3,500-$5,500 depending on your loan size, home value, location, and term)

• Exact costs are determined only once we review your specific situation (mortgage balance, home value, etc.) and know how much money you need.

Total payment is only made when you sell or refinance - NOT monthly!

Here's how the Equity Life Line works to your advantage:

What You'll Pay Back:

You'll repay the principal amount of your Equity Life Line plus borrowing rate between 9.99% to 14.99% (based on your specific situation). This total amount is paid back only when you sell or refinance - there are no monthly payments in the meantime. The interest / borrowing cost is repaid BACK TO YOU when you sell with our partner realtor team. (See below)

Here's a simple example:

Loan Details:

• Principal: $50,000

• Borrowing/Interest Rate: 12% per year

• Term: 12 months

• Payment Structure: Lump sum at end of term

Calculation:

• Interest = Principal × Rate × Time

• Interest = $50,000 × 0.12 × 1 year (12 months)

• Interest / borrowing cost = $6,000

Total Repayment at End of 12 Months (principal + borrowing cost):

• Principal: $50,000

• Interest / borrowing cost: $6,000 (repaid back to you when you sell)

• Total Due: $56,000

When You Sell Your Home

Your home essentially pays back the Life Line for you! When you sell, you'll repay the total principal + interest from your proceeds. But here's the best part:

When you sell with our partner realtors, you save approximately $10,000 that stays in YOUR pocket!

We DON'T charge high realtor commissions of 2-2.5%!

Instead, with our flat fee to list / sell your home, you save thousands of dollars - easily covering the interest cost of the Equity Life Line you took out.

When You Refinance

After your Equity Life Line term (usually 12 months), your credit situation will have improved significantly. We help you refinance into a traditional mortgage with better terms, and you can pay off the Life Line at that time.

The Bottom Line

While traditional realtors would charge you $20,000-$25,000 on a $1,000,000 home sale, our flat fee is significantly less than $20,000 - That's over $10,000 back in your pocket!

You got the relief you needed when you needed it most - no more sleepless nights, no more payment backlogs, no more mortgage stress - and when it's time to pay it back, you're actually saving money compared to a traditional home sale.

Summary

✓ No monthly payments during your Life Line term ✓ Pay back only when you sell or refinance ✓ We help you with both options ✓ Over $10,000 back in your pocket with our flat rate selling fee ✓ Improved credit after 12 months makes refinancing easier ✓ Relief now, smart savings later

You will save Thousands when you sell!

Traditional realtors charge 2 - 2.5% commission to list your home for sale in the GTA and surrounding areas. Our flat rate structure can save you $10,000-$20,000+ depending on your home's value - money that stays with you after your loan is repaid.

No

We don't do credit checks, so applying won't hurt your score AND this Equity Life Life Loan will NOT show up on your credit .

In fact, using funds to clear credit card debt and bring mortgage current will actually help improve your credit over time.

Anything you want - but we suggest that you use it towards paying off debts / payment arrears so you can finally get some breathing room to rethink your financial plans:

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• Clear mortgage arrears and stop power of sale / foreclosure

• Pay off CRA debt and prevent liens/garnishment

• Eliminate credit card & personal loan debt

• Clear property tax arrears

• Pay utility bills, legal judgments, or any other debts

• With the extra funds, give yourself breathing room to Reset, Refocus & Restart your path to a better future.