Consolidating your credit charges and bills can be a simple process, but major financial institutions have high expectations, even for those trying to improve their financial situation. If you’re a homeowner, you can use your home equity as a loan by collaborating with Canadian Lending Association.

Canadian Lending Association helps Canadians access their home equity as a lump sum they can use for any reason, including home renovation, business investment, and loan consolidation. Many borrowers use a home equity loan instead of specialized consolidation loan because they tend to be more flexible.

By subtracting your outstanding mortgage balance from the appraised value of your home, you can determine how much equity you have. The longer you’ve lived in your home, the more likely it is that you will have built up more equity, meaning you may be able to borrow a larger amount. With Canadian Lending Association, you can borrow up to 75% of your home equity, reaching values that can cover most, if not all, of your obligations.