HELOC Broker in the GTA
Unlock up to 80% of your home’s equity — through a bank HELOC or a private one when the bank says no.
A HELOC (Home Equity Line of Credit) is one of the most flexible tools in real estate finance. You draw what you need, pay interest only on what you use, and tap your equity without breaking your existing mortgage. The catch: banks have tightened up, and not every homeowner qualifies for a traditional HELOC.
I’m Kevin Singh Dhaliwal, a GTA-based mortgage broker with 12+ years of experience and access to both major bank HELOCs and private HELOCs from my own lender network. If the bank says yes, I’ll get you the sharpest rate. If the bank says no, I’ve got a private option ready.
Bank HELOC vs Private HELOC
Bank HELOC
- Up to 65% LTV standalone, up to 80% combined with a first mortgage
- Rate typically Prime + 0 to +0.50
- Full income verification and stress-test qualification required
- Best for: strong credit, provable income, long-term flexibility
Private HELOC
- Up to 80% LTV, sometimes higher on strong deals
- Rates 6%–10% depending on the file
- Minimal income docs — equity-based lending
- Best for: self-employed, bruised credit, short-term plans, fast closings
I walk you through both options so you know exactly what each costs and which one actually makes sense for your situation.
When a HELOC Makes Sense
- You want to access equity without breaking your existing mortgage
- You’re renovating and need draws over time, not a lump sum
- You’re investing in another property and need a flexible down payment source
- You want to consolidate higher-interest debt at a much lower rate
- You’re self-employed and need a line of credit for cash-flow smoothing
- You need bridge capital between a sale and a purchase
A HELOC is a tool, not a solution for everything. My job is to tell you straight whether it’s the right move — or if a refinance, second mortgage, or private loan fits better.
Why Work With Me
- 12+ years as an active GTA mortgage broker
- Access to major bank HELOCs at the sharpest posted rates
- Direct access to my own private lenders for deals banks won’t touch
- Relationships with MICs for HELOC-style private lines of credit
- Speed — private HELOCs often approved in 48 hours
- Plain-English advice on whether a HELOC is actually right for you
My Process
- Discovery call — 20 minutes, no cost. Tell me what you want to use the HELOC for and what’s blocking you at the bank (if anything).
- Option mapping — I run the numbers on bank vs private so you see the real cost side-by-side.
- Deal packaging — I build the lender-ready submission.
- Approval and funding — I stay with you through appraisal, conditions, and funding.