HELOC Broker in the GTA
As a dedicated HELOC broker Toronto homeowners trust, I help GTA clients tap into their home equity the smart way. 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.
HELOC FAQ for Toronto and GTA Homeowners
How much can I borrow with a HELOC?
Most lenders allow you to borrow up to 65% of your home’s appraised value through a HELOC, minus your outstanding mortgage balance. Combined with your mortgage, total borrowing can reach up to 80% LTV.
What credit score do I need for a HELOC in Toronto?
Most A-lenders require a minimum credit score of 650–680. If your score is lower, I have alternative and private HELOC options available through my lender network.
Is a HELOC better than refinancing?
It depends on your goals. A HELOC gives you flexible, revolving access to equity. Refinancing gives you a lump sum and lets you restructure your rate and term. As your HELOC broker Toronto specialist, I’ll walk you through both options so you choose the right one.
Related Home Equity Services
Many HELOC broker Toronto clients also explore these options:
- Mortgage Refinancing — If you need a larger lump sum or want to restructure your entire mortgage, refinancing may be a better fit than a HELOC.
- Second Mortgages — Access a fixed amount of equity without touching your first mortgage rate or terms.
- Debt Consolidation — Use your HELOC or home equity to roll high-interest debts into one lower payment.
- Mortgage Pre-Approval — Get pre-approved so you know exactly how much home equity you can access.
- Mortgage Renewal — Combine your HELOC strategy with a renewal to get the best overall rate package.
- Bad Credit Mortgages — Credit issues? Private HELOC options may still be available through alternative lenders.