What is an Equity Take-Out Mortgage?

An equity take-out mortgage allows homeowners to borrow against the equity they’ve built in their property. Over time, as home values increase and mortgages are paid down, your home equity grows, representing a significant portion of your net worth. However, this equity is not easily accessible without specialized financing.

An equity take-out mortgage turns your home’s value into a liquid asset, providing you with funds for personal or financial goals.

Who Can Qualify for an Equity Take-Out Mortgage?

Equity take-out mortgages are available to homeowners who:

• Have Lived in Their Home for Several Years
• Have Sufficient Equity Built Up
• Can Meet Lending Requirements for Income and Credit

Whether you’re looking to invest in a small business, pay for higher education, or fund a major expense, we’ll work with you to evaluate your options.

How Much Can You Borrow?

The amount you can borrow depends on your home’s current market value and the amount of equity you’ve built. Lenders typically allow you to borrow up to 80% of your home’s appraised value, minus any existing mortgage balance.

Our team can help you assess your borrowing potential and create a plan tailored to your needs.

Why Choose Alberta Mortgages for Equity Take-Out Solutions?

At Alberta Mortgages, we specialize in helping homeowners unlock the value of their property with flexible and competitive equity take-out options. Whether you’re in Calgary, Edmonton, Red Deer, Lethbridge, Medicine Hat, or beyond, we’re here to simplify the process and guide you every step of the way.

We proudly serve Alberta as well as the Northwest Territories and Yukon, ensuring access to expert advice and tailored solutions.

Turn Your Home Equity Into Opportunity

Your home equity is more than just a number—it’s a tool to help you achieve your dreams. Whether you’re funding education, starting a business, or tackling unexpected expenses, an equity take-out mortgage can provide the financial flexibility you need.

Got Questions? Ready to Explore Your Options?

Contact us today or apply online to start the conversation. Alberta Mortgages is here to help you turn your equity into a powerful resource for your future.