Hamilton

Ancaster

Dundas

Ontario

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Home Equity Line of Credit (HELOC)

A HELOC is a revolving line of credit secured by a home, allowing homeowners to borrow against their equity as needed and pay interest only on the amount used. Unlike a conventional loan, a HELOC works like a credit card: funds can be drawn and repaid repeatedly up to a set limit, making it ideal for ongoing expenses such as renovations, medical bills, or tuition fees.

Lighthouse Lending helps clients determine the available equity in their property, compares rates and terms from various lenders and explains how the variable interest rate and repayment options impact monthly cash flow. We also ensure borrowers understand the risks, such as fluctuating rates, and help manage withdrawals to keep costs under control.

Home Equity Line of Credit (HELOC)

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in ,

Serving homeowners in and surrounding neighbourhoods — including and . Get expert guidance with no hidden fees and no judgment.

Pre-approval in as little as 24 hours
Credit scores 650 and below welcome
Licensed Ontario mortgage brokers — FSN #13301
No hidden fees — straightforward advice you can trust

Get Your Free Quote See How We Work

No Obligation Pre-Approval

Step 1

Step 2

Are you a homeowner in Ontario? *

Yes No

What do you need help with most right now? *

Choose one.

What’s the amount you have in mind? *

An estimate is fine, we’ll work out the details together.

Fast pre-approval

We move quickly so you don't lose momentum on your financial goals.

Empathetic, judgment-free guidance

Credit challenges don't disqualify you. We've seen every situation and helped through it.

Wide lender network; better rates

Our volume gives us access to preferred rates banks simply can't match.

Who qualifies

You may be a fit — even if your bank said no

homeowners with existing equity — regardless of how long you've owned.
Credit scores 650 and below — we work with lenders who specialize in challenged credit.
Self-employed or irregular income — we look at your full picture, not just a pay stub.
Homeowners facing renewal, arrears, or power of sale — time-sensitive cases are our specialty.
Household incomes under $175K — our solutions are built for real Ontario families.

The Process

Getting a in , simple and transparent

Submit your details

Fill out the quick form above. No credit check required at this stage — we just need the basics to get started.

Speak with a specialist

A licensed -area broker will reach out within one business day to review your goals and available options.

Review your options

We present you with the best available products from our lender network — with clear terms, no pressure.

Get funded

Once you're happy, we handle the paperwork and work to get you funded as quickly as possible. You move forward.

Local knowledge, province-wide lender access

We know . Whether you're in , , , or anywhere across , our brokers understand your local market and will work to find a solution that fits your neighbourhood and your goals.

Hamilton - Ancaster

Ontario

Accepting Applicants

Hamilton - Dundas

Ontario

Accepting Applicants

Hamilton -

Ontario

Accepting Applicants

Frequently Asked Questions by Homeowners in

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What credit score do I need to buy a home in ?

While requirements vary by loan type, we work with buyers with scores as low as 580 for FHA loans. Conventional loans typically require 620+.

How much down payment do I need?

In Ontario, the minimum down payment is 5% for homes up to $500,000, 5% on the first $500,000 and 10% on the portion above that up to $1.5 million, and 20% for homes over $1.5 million, with mortgage insurance required if you put down less than 20%.

What are current mortgage rates in ?

Mortgage rates change frequently based on market conditions, but in Canada, most borrowers are currently seeing approximately 3.8%–5.5% for fixed rates and around 3.3%–4.5% for variable rates, depending on the lender, term, and your financial profile.

How long does the mortgage process take?

The mortgage process typically takes 1 to 4 weeks, depending on factors like document submission, lender approval times, and the complexity of your application.

No Obligation Pre-Approval

Fast pre-approval

Empathetic, judgment-free guidance

Wide lender network; better rates

The Process

Submit your details

Speak with a specialist

Review your options

Get funded

We Light Your Way To Financial Freedom.

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