Private HELOCs from 7.75% for Whitby properties. Built for Brooklin's high-equity homeowners, established Whitby families, and Durham investors.
Whitby spans two distinct profiles. South of Taunton, established neighborhoods like Pringle Creek, Lynde Creek, and Williamsburg house typical Durham commuter families with $300,000-500,000 in equity. North of Taunton, Brooklin and the surrounding rural-edge neighborhoods feature larger lots, semi-rural estates, and properties running $1.1M-1.5M+ — many held for 15+ years with $500,000-800,000 in real equity.
The Brooklin profile in particular creates strong private HELOC fit: high equity, often older long-term owners, with capital needs (cottage purchases, helping adult children, business expansion, investment property) that bank HELOC programs are increasingly slow to fund.
Whitby property values: established detached homes typically $900,000-1.05M; Brooklin and rural-edge homes $1.1M-1.5M+; townhomes and semis $700,000-820,000.
Long-time Brooklin homeowners often hold $700,000+ in equity by their late 50s. HELOC provides flexible capital — for the cottage, for adult children, for retirement bridging — without forcing a sale or downsize.
Kawarthas, Haliburton, Rice Lake — all within an hour. HELOC against the Whitby home funds the cottage purchase outright or with strong down payment.
Your kids want to buy in Durham but need help with the down payment. HELOC funds the gift; you preserve your retirement assets.
Empty-nester renovations — modernized kitchen, primary suite, accessibility planning. HELOC funds the work without restructuring the existing mortgage.
Bowmanville, Newcastle, Port Hope — markets cash-flowing well. HELOC funds the down payment cleanly.
You've decided to downsize but the right replacement property hasn't appeared yet. HELOC bridges the timing gap so you can buy when the right property emerges, then sell yours afterward.
A family in Brooklin owns a detached home on a large lot worth $1.32M with a $275,000 first mortgage. They want to access $300,000 to purchase a $480,000 cottage in the Kawarthas outright (the cottage would be hard to finance conventionally because it's a seasonal property), with the remaining $180,000 deployed for renovations to the cottage and a kitchen renovation at the principal residence. 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 HELOC within 12-18 months once the renovations are complete and they can document the value increase. Time to funded: typically 10-14 days.
Brooklin, Downtown Whitby, Pringle Creek, Lynde Creek, Williamsburg, Rolling Acres, Taunton North, Blue Grass Meadows, Whitby Shores, Port Whitby, Ashburn, Myrtle, Lakeshore.
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.
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.