Equity Mainly Matters: Your Premier Home Renovation Financing Partner

At Equity Mainly Matters, we pride ourselves on being more than just a financial institution. We are your dedicated partner, committed to turning your home renovation dreams into tangible realities. Whether you’re looking to give your interiors a fresh look or planning a grand expansion, we’re here to support every step of the way.

Our Commitment to You

  • Personal Touch: We understand the emotional and financial significance of home renovations. That’s why we offer tailored solutions to meet your unique needs.
  • Diverse Projects: Our expertise spans a wide range of projects:
    • Simple interior facelifts
    • Grand expansions to accommodate a growing family
    • Strategic enhancements to boost property market value

For many Canadians, the dream of a full-scale home renovation remains just that—a dream. Financial constraints can be a significant hurdle. But with Equity Mainly Matters, you have a partner ready to bridge that gap. We offer a diverse range of financing solutions, ensuring your dream project transitions from the drawing board to reality.

Secured line of credit

A secured line of credit is a loan that is secured by the borrower’s equity in their property. With a secured line of credit, homeowners can access the funds at any time and for a variety of purposes including Home Renovations. A secured line of credit is ideal for ongoing or long-term renovation projects that require uninterrupted and long-term access to funds. Secured lines of credit are generally available for up to 80-90% of the property value.

Mortgage refinancing

Paying for Home Renovations by Refinancing an existing Mortgage may offer some advantages, especially when the borrower is looking to complete major property renovations. Generally, the borrower can negotiate a better interest rate than that on his/her current Mortgage loan, personal loan and credit card loans. The repayment can also be distributed over a longer period of time. However, Refinancing a Mortgage can involve certain set-up closing costs such as Lender/Brokerage/Legal Fees to which the borrower is responsible for covering these costs from the principal balance of their newly acquired Mortgage loan.

Personal line of credit

A personal line of credit is a type of loan in which the borrower can borrow funds up to a pre-set maximum limit. These funds can be used for any purpose including Home Renovations. As little or as much of the funds, subject to the pre-set maximum credit limit, can be used by the borrower at a time. The borrowed funds can be repaid at any time. The interest will have to be paid only on the spent borrowed funds. And unlike a personal loan, a personal line of credit lets the borrower re-borrow funds without reapplying for another loan.

Second mortgage

Another popular option for financing a renovation project is a Second Mortgage. Obtaining a Second Mortgage allows the borrower to distribute the repayment over a longer period of time and at rates that are much lower than those of other personal loans and credit cards. Second Mortgages are generally available for up to 80-90% of the appraised market property value of the property.

Personal loan

In a personal loan, a fixed amount of money can be borrowed. The full loan amount plus interest will have to be paid back by the borrower through regular monthly instalments. The borrower’s income, credit score and debts affect the loan options and interest rates available to them.


How Can I Finance My Home Renovation?

Financing a home renovation in Canada offers multiple avenues, each tailored to different needs and financial situations:

  • Home Equity Line of Credit (HELOC): A popular choice, a HELOC allows homeowners to borrow against the equity built up in their homes. It offers flexibility in terms of borrowing and repayment.
  • Refinancing Your Mortgage: By refinancing your existing mortgage, you can access a larger sum of money. This is especially beneficial if the value of your home has increased since you bought it.
  • Personal Loans: While typically having higher interest rates than mortgages, personal loans can be processed quickly, making them suitable for urgent renovations.
  • Credit Cards: Suitable for smaller renovations. However, they come with higher interest rates, so it’s essential to pay off the balance quickly to avoid accumulating debt.

What is a Home Renovation Loan?

A home renovation loan is a financial tool designed specifically to fund home improvement projects. In the Canadian context, these loans can be secured, like a HELOC or a second mortgage, where the loan is backed by the equity in your home. They can also be unsecured, like a personal loan, where the borrower’s creditworthiness is the primary consideration. The type of loan, its terms, and interest rates can vary based on the lender, the borrower’s credit score, and the amount required.

What Type of Loan is Best for Home Improvements?

The best type of loan for home improvements largely depends on the scale of the renovation, the amount of money you need, how quickly you need it, and your financial situation:

  • For Large-Scale Renovations: A HELOC or Refinancing Your Mortgage might be the best options. They typically offer larger amounts at lower interest rates. However, they do require sufficient home equity.
  • For Medium-Scale Renovations: A Home Equity Loan or a Second Mortgage can be ideal. They offer lump-sum amounts based on your home’s equity but might come with slightly higher interest rates than a HELOC.
  • For Small-Scale or Urgent Renovations: Personal Loans or Credit Cards can be considered. They can be processed quickly but often come with higher interest rates.

It’s always recommended to consult with a Canadian mortgage broker or financial advisor to determine the best financing option tailored to your specific needs and financial health.

Ready to Turn Your Renovation Dreams into Reality?

Don’t let financial constraints hold you back. With Equity Mainly Matters by your side, you’re one step closer to achieving your home renovation goals. Contact us today for a personalized consultation and discover the best financing solutions tailored just for you.

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Home Equity Loans Approved In Less Than 24 Hours!

Borrow against the equity of your Property
NO Appraisal Required For 2nd Mortgages! (Up To 80% LTV in The GTA)
NO Income/Credit Requirement

Services Provided


A & B Lender

Private Lender

Private Mortgage

Mortgage Broker

Home Purchase Mortgage

First Mortgage (1st Mortgage)

Second Mortgage (2nd Mortgage)


Bad Credit Mortgage

Equity Take Out/ Home Equity Loan

Debt Consolidation/ Home Renovation

STOP Power of Sale / Foreclosure

Income Tax Arrears/ Mortgage Arrears

Property Tax Arrears/ Consumer Proposal

Low Interest Rates & Low Fees

Up To 90% LTV Approved

Self Employed= OK!

Low/No income= OK!

Bad Credit= OK!

Equity Approved Loans!

NO Income Documents Required!

Quick Quotes (10-15 Minutes)

Fast Approvals (3-4 Hours)

Fast Closing (24-48 Hours)

Hamilton, Ontario

I had a very pleasant experience working with Shawn Sef at Equity Mainly Matters Loans. We contacted Shawn looking for help in order to pay off our high interest credit card debts. Shawn made the process very easy for us by explaining the Mortgage loan details for the Debt Consolidation Mortgage Solution which he recommended for us. Shawn was actively present every step of the way and was very knowledgeable. I will definitely recommend Shawn to my peers due to his knowledge, professionalism and expertise.

Brampton, Ontario

Shawn is extremely passionate about his job. Shawn always demonstrates a positive and professional attitude. His easy going and friendly personality always makes the experience of working with him fun and stress free. Shawn made the entire Mortgage loan process very simple for me to which I’m thankful for. Shawn is very proactive and updates me on a regular basis in regards to my file.

Markham, Ontario

Me and my husband had never worked with a Mortgage Broker before. I needed to consolidate all of my debts. I was paying high monthly interest fees to my creditors and my bank informed me that I couldn’t get approved with them because of my low credit score. Shawn did an excellent job by helping me consolidate and pay off all of my various high interest debts. I’m now debt free. My credit score has improved and I don’t owe creditors any monthly high interest payments. We went from paying $1,650 month towards our credit card debts and loans, to now paying only $520 month which helped us build up a good savings. Shawn rescued us from our creditors and helped us save an extensive amount of money for our families future.


As a first time home buyer, we required a Mortgage broker who was willing to be very patient with us and to explain every detail of the Mortgage loan process and provide us with as much information as possible. Shawn informed us of the exact required down payment amount (based on the types of lenders that we qualified for), fees, closing costs, Land Transfer tax etc. Shawn was very good in providing us with accurate rates, figures and calculations which we realized we could afford the monthly Mortgage payments and make the Home Purchase work. One other important factor was that Shawn kept on top of our file by updating the progress every step of the way which was very important to us. Shawn is very proactive which we appreciated!

Toronto, Ontario

Shawn helped our family obtain a low rate 2nd Mortgage from a Private Lender. Banks turned us down as we failed to meet their requirements for the stress test, income and credit criteria. However, Shawn was able to find various Private Lenders/Investors that were interested in making us an offer and we ended up taking a great offer for a 2nd Mortgage which made the most sense for us. We will definitely refer our family and friends to Shawn in the near future. I can’t say how much I appreciate all the time and effort Shawn put into our file.

Mississauga, Ontario

Shawn demonstrates excellent customer service skills. He’s always very quick to respond to my emails and calls. Shawn helped me get approved twice in the past year alone and I hope to work with him again in the near future. Shawn was very friendly, attentive and dedicated his time and effort by providing me with solid knowledge, expertise and advice which in return helped the process of purchasing my first home very easy and stress free. Shawn even followed up on my behalf with my lawyer in order to finalize all the details. I would highly recommend his services.

Ottawa, Ontario

From the first time I spoke with Shawn Sef, I felt comfortable and at ease which was due to his calm and patient personality and attitude. He was also very understanding and caring to our current situation and needs by providing the best course of action for us to take which made the most sense for our family. Shawn is very knowledgeable within the mortgage field and delivered exactly what he said he would. He even provided us with accurate closing/funding dates from day one. I would definitely recommend Shawn Sef to any borrower looking for a good
Mortgage broker.

Toronto, Ontario

Shawn had helped my wife and I obtain a 2nd Mortgage from a Private Lender last year. We used the majority of the Mortgage loan proceeds to help renovate/upgrade our home. Once the refurbishments had concluded, we ordered a new appraisal and noticed that our house value had increased substantially. The following year, Shawn helped us refinance both our Institutional and Private Mortgages into a new low rate, 1st Mortgage with an A Lender (Bank) which is going to help us save an extensive amount of money in monthly payments moving forward. I’m very thankful for Shawn’s knowledge, skills and expertise within the mortgage industry which ended up helping us save thousands of dollars.

Frequently Asked Questions (FAQ)

1. What is Equity Mainly Matters?

Equity Mainly Matters is a premier financial institution in Canada, specializing in providing tailored financing solutions for home renovations.

2. How does a HELOC work for home renovations?

A Home Equity Line of Credit (HELOC) allows homeowners to borrow against the equity built up in their homes. It offers flexibility, letting you draw funds as needed for your renovation projects and repay at your own pace.

3. Is refinancing my mortgage a good idea for financing a renovation?

Refinancing can be a great way to finance a renovation if the value of your home has increased since your original mortgage or if market conditions are favorable. By refinancing, you can tap into the increased equity to fund your renovation.

4. Are credit cards recommended for home renovations?

Credit cards can be suitable for smaller renovations due to their quick access to funds. However, they often come with higher interest rates compared to other financing options. It’s essential to pay off the balance quickly to avoid accumulating significant debt.

5. How does a home equity loan differ from a HELOC?

While both are secured against your home’s equity, a home equity loan provides a lump-sum amount with a fixed interest rate. In contrast, a HELOC offers a revolving line of credit with variable interest rates, allowing you to draw funds as needed.

6. What are the potential pitfalls of home renovation loans?

Potential pitfalls include high-interest rates, hidden charges, and the risk of overborrowing. It’s crucial to understand the terms of your loan and ensure that the monthly repayments fit comfortably within your budget.

7. How can I determine the best financing option for my renovation project?

Consulting with a Canadian mortgage broker or financial advisor is recommended. They can provide insights into the best financing options based on your financial health, the scale of the renovation, and current market conditions.

8. Are there specific loans for small-scale renovations?

Yes, personal loans and credit cards are often used for smaller-scale or urgent renovations due to their quick processing times. However, they typically come with higher interest rates.

9. How does the real estate market in Ontario impact my financing options?

With property values on the rise in areas like Toronto and Mississauga, homeowners in Ontario have the opportunity to tap into their property’s growing equity, which can provide more favorable terms for home renovation loans.

10. Why should I choose Equity Mainly Matters for my home renovation financing?

At Equity Mainly Matters, we offer more than just loans. Our team of seasoned mortgage brokers delves deep into your financial landscape, ensuring you get the most competitive rates and terms tailored just for you.