Equity Mortgage FAQ
Quick answers to common questions about equity mortgages in Alberta: approval, costs, how much you can borrow, risks and moving back to a bank.
Guides
Category: Basics
Who Offers Equity Mortgages in Alberta
The types of lenders that offer equity-based mortgages in Alberta, from alternative lenders and credit unions to private lenders, and how they differ.
Equity Lending vs Traditional Mortgages
How equity-based lending compares with a traditional bank mortgage on approval, cost, terms and flexibility, and how to know which fits you.
How to Calculate Your Home Equity
A simple way to calculate your home equity, the difference between total and usable equity, and why lenders' numbers may differ from yours.
What Is an Equity Mortgage?
What an equity mortgage is, how lenders decide based on your home's equity, who offers them in Alberta, and when one makes sense.