Home Equity Loan in Ontario – Unlock Your Equity Even with Bad Credit

September 6, 2025 | Posted by: Any Income Any Credit Mortgages

✨Home Equity Loan in Ontario – Unlock Your Equity Even with Bad Credit

If you’re a homeowner in Ontario (especially Brampton & GTA) and dealing with bad credit, getting a loan from the bank can feel impossible ❌. But here’s the good news: with a Home Equity Loan

, you can still access the funds you need — quickly and with flexible terms.

At Any Income Any Credit Mortgages, we make it possible to borrow against your home’s equity, even if the banks said no.

What is a Home Equity Loan?

A Home Equity Loan (also called a Second Mortgage) lets you borrow money against the value of your home .
It’s based more on your home’s equity than your credit score ✅ — which is why so many Ontario homeowners with bad credit get approved.

Learn more: Second Mortgage Options in Brampton

⚖️ Home Equity Loan vs Second Mortgage vs HELOC

Home Equity Loan → Fixed lump sum with predictable payments
Second Mortgage → Similar concept, secured against your equity
HELOC → Revolving line of credit, pay interest only on what you use

Why Ontario Homeowners Choose Home Equity Loans?

✔️ Approvals based on equity, not credit score
✔️ Use funds for debt consolidation, renovations, tuition, or emergencies
✔️ Access fast funding (sometimes in just 48 hours)
✔️ Stop power of sale or overdue payments
✔️ Even available for self-employed & bankruptcy-discharged homeowners

See how we help: Any Income Any Credit Mortgages

Can You Qualify with Bad Credit?

YES! Bad credit doesn’t have to stop you.

With enough home equity, you can often borrow up to 80% of your home’s value. Our team looks at the value of your property first, not just your credit history.

This means:

Self-employed? ✅
Past bankruptcy or consumer proposal? ✅
Low credit score? ✅

You still have options!

⚡ Fast Approval Process in Ontario

Here’s how simple it is to get started:

1️⃣ Free Consultation – We review your needs
2️⃣ Equity Check – We assess your property’s value
3️⃣ Fast Approval – Funds available in just days

Call us today at (365) 231-9115 or 416-409-0091 to begin.

❓ Frequently Asked Questions (FAQ)

Can I get a home equity loan in Ontario with bad credit?

Yes! Approval is based on equity, not your credit score.

What can I use the funds for?

Debt consolidation, home renovations, tuition, emergencies, business funding, and more.

How fast can I get approved?

Often within just a few days, depending on your situation.

Can self-employed or bankruptcy clients qualify?

Yes — many of our clients in Ontario are self-employed or have a past bankruptcy/consumer proposal.

Why Work with Any Income Any Credit Mortgages?

Adarsh Chawla ,Mortgage Broker has 15 years of experience
Trusted Mortgage Broker in Downtown Brampton
Personalized solutions for bad credit, self-employed, and investors
Competitive interest rates + flexible payment options (including 12 months no payments, if qualified)

Learn more: About Us – Any Income Any Credit Mortgages

Stay Connected With Us

We share tips, success stories, and mortgage hacks to help Ontario homeowners every day.

Call-to-Action

Don’t let bad credit hold you back. Unlock your equity today!

Call Harjeet Chawla or Adarsh Chawla at (365) 231-9115 or 416-409-0091 or 416-275-3965
Or visit us online Any Income Any Credit Mortgages

Back to Main Blog Page

Mortgage Blog

Getting you the mortgage you deserve