What is a private home equity line of credit (HELOC)?

A private home equity line of credit, or HELOC, is a revolving credit line secured by your property. It lets you draw funds as needed up to a set limit, repay, and reborrow, using your home’s equity as security rather than relying only on strict bank income and credit rules.

How is a HELOC different from a home equity loan or second mortgage?

A HELOC works like a reusable credit line: you only pay interest on what you use and can draw funds multiple times. A home equity loan or second mortgage is usually a lump-sum advance with a fixed schedule. Many clients choose a HELOC when they want flexibility for ongoing projects or expenses.

Can I qualify for a HELOC with bruised or bad credit?

Yes. Private HELOC approvals are primarily based on your property value, location, and available equity, along with your overall file and exit strategy. We can often help homeowners who have been declined by their bank due to credit score or traditional income requirements.

What can I use a private HELOC for?

Homeowners commonly use a private HELOC for debt consolidation, renovations, investing in a business, covering tax arrears, managing cash flow, or seizing time-sensitive opportunities. Because it is a revolving line, it can be used and repaid multiple times as your needs change.

What is a private home equity line of credit (HELOC)?

A private home equity line of credit, or HELOC, is a revolving credit line secured by your property. It lets you draw funds as needed up to a set limit, repay, and reborrow, using your home’s equity as security rather than relying only on strict bank income and credit rules.

How is a HELOC different from a home equity loan or second mortgage?

A HELOC works like a reusable credit line: you only pay interest on what you use and can draw funds multiple times. A home equity loan or second mortgage is usually a lump-sum advance with a fixed schedule. Many clients choose a HELOC when they want flexibility for ongoing projects or expenses.

Can I qualify for a HELOC with bruised or bad credit?

Yes. Private HELOC approvals are primarily based on your property value, location, and available equity, along with your overall file and exit strategy. We can often help homeowners who have been declined by their bank due to credit score or traditional income requirements.

What can I use a private HELOC for?

Homeowners commonly use a private HELOC for debt consolidation, renovations, investing in a business, covering tax arrears, managing cash flow, or seizing time-sensitive opportunities. Because it is a revolving line, it can be used and repaid multiple times as your needs change.

Home Equity Line of Credit

Access the funds you need with a private Home Equity Loan or HELOC-style line of credit, approved in as little as 24 hours.

Perfect for homeowners who need fast, flexible financing without bank delays or strict income rules.

Apply Now

Lendworth Home Equity Loan.

Traditional banks make HELOCs difficult.

Rates starting from 10.99%
Fast approvals — 24 to 48 hours
Low documentation requirements
Credit challenges are okay
No bank-style hoops or long waits
Flexible repayment options
Borrow only what you need, when you need it
Ontario-wide coverage (GTA, Vaughan, Toronto, York Region, Durham, Peel, Simcoe)

We lend primarily on equity, not credit score.

What Is a Home Equity Loan?

Borrow against the equity you have in your property.

You can use the funds for:

- Debt consolidation
- Renovations
- Business capital
- Emergency expenses
- Property tax or mortgage arrears
- Investment opportunities
- Down payment on another property
- Education costs
- Divorce or legal matters

Your home equity becomes a powerful financial tool.

How Much Can You Borrow?

We lend based on value and liquidity.

Loan amounts: $25,000 – $1,500,000+
LTV: Up to 80% depending on location
Rates: Starting at 10.99%
Terms: 6–24 months or custom arrangements
Eligible Properties: Homes, townhomes, semis, condos (case-by-case), investment properties

GTA, Vaughan, Toronto, and York Region receive the fastest turnaround.

Who Qualifies?

You may qualify if:

You own a property in Ontario
You have available equity
You need funds quickly
You’re self-employed
You have bruised or low credit
You were declined by banks
You have income challenges
You want to consolidate high-interest debt

If you have equity, you’re likely approved.

Ontario homeowners trust Lendworth for fast, flexible home equity loans.

Get the cash you need quickly — with a simple, stress-free approval process.

More Loan Products We Offer

Explore more of our loan options below and find the one that best fits your needs.

Whether you’re exploring first mortgages, looking to tap additional equity through a second mortgage, or preparing for a new property with a purchase mortgage, Lendworth offers fast, flexible solutions for every situation. Homeowners who want to lower payments often choose a refinance, while those needing revolving access to funds may benefit from a home equity line of credit (HELOC). If you're buying before selling, our bridge loans provide seamless short-term financing, and borrowers with unique properties can take advantage of specialized land loans. For major renovations or new builds, our construction loans offer staged funding designed to keep your project moving without delay.

Mortgage Solutions We Offer

We have a solution built around your home equity and your goals.

Whether you need fast access to equity through private lending, flexible solutions designed for self-employed borrowers, or a clear path to debt consolidation, Lendworth provides efficient, borrower-focused options for every situation. Homeowners facing urgent timelines can rely on our support to stop power of sale, manage mortgage arrears, or secure specialized probate and estate loans during challenging transitions. When unexpected expenses arise, our emergency loans offer rapid funding, and clients navigating separation can benefit from our tailored divorce buyout loans that help preserve stability and protect their homeownership goals. Check our FAQs for more information.

Why Borrowers Trust Lendworth

We are a GTA-based private mortgage lender committed to transparency, fast turnaround, and strong investor-backed lending. Our approvals rely on real-world property values, ensuring you receive a fair and accurate offer every time.

Backed by Lendworth MIC’s disciplined underwriting process, we focus on capital preservation, efficient execution, and five-star service.