Private HELOCs from 7.75% for Burlington properties. Built for established families, business owners, and the steady stream of GTA migrants who chose Burlington for its quality of life.
Burlington occupies a unique spot in the GTA market. Lakefront properties, established neighborhoods like Roseland and Aldershot, and the strong commuter pull from both Toronto and Hamilton have created a homeowner base that's wealthier and more long-tenured than most GTA-edge cities. Average detached home prices typically run $1.1M-1.4M, with lakefront and Roseland properties commanding $2M+.
Burlington's market has been more stable than most of the GTA through the recent correction — CMHC has specifically called out Burlington as expected to outperform other Halton markets due to commute advantages. Many long-time homeowners hold $400,000-800,000+ in real equity.
The Burlington private HELOC profile leans toward established professional households, business owners, and pre-retirement equity unlocks. The use cases tend to be larger and more strategic — substantial renovations, investment property portfolios, business expansion, helping adult children buy.
Two-income professional households with significant equity but bank-unfriendly compensation structures (RSUs, bonuses, partner distributions). HELOC unlocks the equity without the bank documentation gauntlet.
Burlington renovations frequently exceed $200,000 — full kitchens, additions, primary suite additions, pool installations. HELOC funds the work as a single line, draws as needed.
Your kids are buying their first home in Burlington, Hamilton, or further west. HELOC funds the down payment as gift or family loan.
Hamilton, Niagara, or further afield — Burlington homeowners are active investors in surrounding markets. HELOC funds the next acquisition cleanly.
Muskoka, Bruce Peninsula, Niagara wine country — recreational property markets within driving distance. HELOC funds the purchase outright or with strong down payment.
Approaching retirement, planning to downsize but not for several years. HELOC bridges short-term capital needs without disrupting the long-term plan.
A professional couple in Roseland owns a detached home worth $1.55M with a $385,000 first mortgage. They want to access $300,000 for two purposes: $200,000 for a substantial kitchen/primary suite renovation, and $100,000 to fund their daughter's down payment on her first condo in Hamilton. A second-position private HELOC at $300,000 puts combined LTV at 44%. Rate band: 10.50-11.25%. Interest-only payments on $300,000: approximately $2,625-2,815/month. They plan to refinance to a bank product within 18 months once the renovation is complete and re-appraised. Time to funded: typically 10-14 days.
Roseland, Aldershot, Downtown Burlington, Tyandaga, LaSalle, Brant Hills, Headon Forest, Millcroft, Alton, Orchard, Tansley, Mountainside, Palmer, Dynes, Pinedale, Elizabeth Gardens, Shoreacres, Appleby.
Detached, semi-detached, townhouse, and most condos qualify. Rental properties qualify with a 0.25% rate premium. Properties in surrounding rural and edge communities considered case-by-case.
If your bank will give you the line you need at their rate, take it — bank HELOCs are cheaper. We help when the bank says no, when the bank says "yes but for less than you need," when you can't wait the 6-8 weeks bank approvals are now taking, or when your situation is too complex for an algorithm to underwrite.
For most clients, a private HELOC is a bridge — 12 to 24 months to get refinanced back to a bank product once income, credit, or property situation has stabilized. The fully open structure means there's no penalty when that time comes.
Most Burlington files close in 7 to 14 days from approval. The bottleneck is usually the property appraisal and lawyer scheduling — both of which we can rush for urgent files. We've closed Burlington deals in 72 hours when the timeline demanded it.
Yes — detached, semi-detached, townhouse, and most condos in Burlington qualify. Rental properties qualify with a 0.25% rate premium. Rural, raw land, unique properties, and commercial are reviewed case-by-case.
There isn't a hard minimum. We've funded Burlington files in the 500s. Credit matters less than equity position, property type, location, and exit strategy. If you have legitimate equity and the deal makes sense, credit is usually workable.
Bank HELOCs require strong income, clean credit, and they qualify you at the stress test rate (currently bank rate + 2%). If you don't pass that gauntlet, you're out — regardless of how much equity you have. A private HELOC qualifies primarily on the equity itself and the exit plan, not your debt-service ratios. The rate is higher because the underwriting is more flexible. For most Burlington borrowers, it's a 12-to-24-month bridge until you can move back to a bank product.
You can pay off the entire balance any time, with zero penalty. Most private mortgages charge 3 months interest minimum to break — on a $400,000 mortgage at 10%, that's $10,000+ to exit. With a private HELOC, you pay it off the day you refinance to a bank product. No penalty.
Lender fee starts at 1.50% (1st position) or 2.50% (2nd position) of the loan amount, paid once at closing. Plus standard third-party costs: appraisal ($400–$600), legal ($1,200–$2,000), and our broker fee where applicable. Everything is disclosed upfront in writing — no surprise charges.
The pre-qualification on this site is a soft inquiry — zero impact on your score. We only pull a hard credit report once you've reviewed terms and decided to proceed. You're in control of when (and whether) that happens.
Most Burlington clients refinance to a bank or B-lender product within 12–24 months, once their credit, income, or property situation has stabilized. Some use the line for several years as ongoing flexible capital. Others sell the property. The fully open structure means you can exit any time with no penalty — that's the point.
Tell us about your property and your situation. We'll come back within one business day with whether this fits, what rate band you'd be in, and what the next step looks like.
If it's not a fit, we'll tell you that too — and where else to look.
We'll review your file and come back within one business day. Check your email (including spam) for our reply.