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01-12-2018, 01:32 AM #1
- Join Date
- Jan 2018
- Posts
- 12
Home equity mortgage required
Hey,
Everything is set now and I'm planning to start a new business venture with my friend in Toronto. But, it’s difficult to raise a huge fund in a very short time. I think, the best solution is to take up a home equity mortgage.
The home equity mortgage interest rates are low, and terms may be more flexible. I own a condo nearby Seneca College. I have done a short research and listed a few brokers offering home equity mortgage in Ontario. I'm expecting a generous credit limit up to 80% of my home’s appraised value.
Let me know your suggestions and comments on this. Awaiting replies. Thank you in advance!
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