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Mortgage Equity

 

Mortgage Equity Withdrawal

Are you stressing over debts greater than $10,000? Do you own your home?

If you own your home and have high levels of unsecured debt, you may want to use your home equity to repay your unsecured debt through a Mortgage Equity Withdrawal.

What is a
Mortgage Equity Withdrawal?

Your mortgage equity is the difference between the value of your home and the unpaid balance of your current mortgage. If you qualify for a mortgage equity withdrawal, you can borrow up to 80% against your equity.

For example, if your home is worth $500,000 and you owe $300,000, you’d have $200,000 of home equity to borrow against through a mortgage equity withdrawal.

What can a
Mortgage Equity Withdrawal
do for me?

If you own your home, a mortgage equity withdrawal can help you get money to pay off debts at a lower interest rate.

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Benefits of a
Mortgage Equity Withdrawal

  • Access the equity you’ve built up in your home
  • Lower interest rates than other types of loans
  • Flexible repayment terms
  • Fixed interest rate for the duration of the term

How can Climb Help?

Sign up for a free credit consultation and we’ll tell you if you’re a good candidate for a Mortgage Equity Withdrawal.