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Frequently Asked Questions

Helping you understand your lending options

Your One Stop for Lending

Empire Equity is your one stop shop for mortgages.  We’ve helped people across Canada with their home equity loan needs and make sure not only do they get the money they need, but that they get it when they need it, which is just as important.  We set the standard in the lending industry and make it our goal to help our customers with what they need to get them out of debt.  Learn how much you can qualify for with a no obligation application.  Our team of people (no AI or robots here) will personally get in touch with you right away to answer your questions and give you the information you need.

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  • What is a Home Equity Loan?

    Also known as a second mortgage, a home equity loan is the type of loan in which the borrower uses the equity of their home as collateral. The loan amount is determined by the equity you have in your home.  They can be used to help with debt, home renovations, business, or other expenses

  • How do I calculate the equity I have in my home?

    Use the equation below to see how much equity you have.  If you start your application today, you can have your money within a week.

    600k

    Appraised Value

    200k

    Your Mortgage

    400k

    Available Equity

    You could have access to a portion of that home equity within a week of applying with Empire Equity!

  • What is a second mortgage?

    The mortgage you received when you purchased your home is considered your first mortgage.  Any additional loans against your home would be considered a second or even third mortgage.

  • How do I apply for a Home Equity Loan?

    We offer a simple and easy to understand process which starts by just filling out our online form.  Once you’ve done that, you’ll hear from one of our lending professionals to get started!. Click here to get started!

  • How quick is the process?

    Of course there are variables with every file, but the common turnaround time from approval to funding is 1-2 weeks.

  • What are your rates?

    Our rates depend on your home’s location, how much equity you have available, and the current status of your mortgage on title.

  • Does your income and credit score matter when it comes to a Home Equity Loan?

    No, neither will affect your chances of being able to access your equity for a loan with Empire Equity.

  • Where are you located?

    We’re located in British Columbia, Canada

  • Is Empire Equity a lender or a broker?

    We are actually both.  We have our own capital which we work with but we also have a vast network of equity based lenders to be able to offer our clients the best options and rates.

  • Can Empire Equity also provide conventional bank mortgages?

    You bet!  We are a fully licensed brokerage and able to work with all the banks and credit unions in Canada.