home | about us | site map | contact us

home mortgages commercial mortgages calculate mortgage payments view current mortgage rates how to use a mortgage learn about mortgages
apply online home mortgage refinance home purchase mortgages home equity loans home finance mortgages home loan types home mortgage rates home mortgage calculators mortgage articles home mortgage faqs
Home Equity Loans

home > home mortgages > home equity > loan types > open

Open home equity loans

Use an open home equity loan to take cash out of your home property. With this type of home equity loan, you can make prepayments on it or pay it out whenever you want, without having to pay your mortgage lender a fee for doing so.

It's nice to know you can go ahead and pay off a chunk of your home equity loan whenever you want to, without being penalized. Open types of refinance loans are a lot more appealing to pay off sooner than other types of loans.

(P.S. When you pay off your mortgage sooner, you save money!)

Got questions about open home equity mortgage loans?

Talk to one of The Mortgage Store Online's brokers. Just use the home equity contact form, or call them at 1-866-880-2577.

Benefits of Open home equity mortgage loans:

By using an open home equity loan to get cash out of your home real estate, you can benefit huge.

The "open" feature makes your home equity loan more like a credit card. If you have a balance on your credit card, you can pay off that balance whenever you want, and the credit card company doesnÍt charge you a fee for doing so.

Understandably, lenders for home equity loans don't like you paying off your mortgage loan "whenever you want" cause then they'd lose their chance to make a good return on investment from lending for your mortgage.

But lender's are smart enough to offer you "open" equity mortgage loans: where you can pay back your mortgage lender whenever you want to: so they're fine with you doing that.

That way, you're happy cause you don't gotta pay them a fee just for paying off your home equity debt, and you'll like your mortgage lender a whole lot more.

Tap into your home's equity: apply online for your home equity loan!

apply online | home mortgage refinancing | home purchase mortgages | home equity loans | home finance mortgages

home loan types | home mortgage rates | mortgage calculators | mortgage articles | RSS feed icon home mortgage news

home mortgage loans | commercial mortgage loans | calculate mortgage payments | view current mortgage rates

how to use a mortgage | learn about mortgages | privacy policy | disclaimer | RSS feed icon mortgage news & tips

home | contact us | mortgage glossary | about us | site map

The Mortgage Store Online, Inc.
Canadian Head Office: 54 Vansittart Avenue Woodstock, Ontario, Canada N4S 6E4
Home Mortgages: Phone: 1-866-880-2577 Fax: 1-866-270-1984
Commercial Mortgages: Phone: 1-866-674-0548 Fax: 1-866-876-3956

Copyright ©2016 The Mortgage Store Online, Inc. All rights reserved.

 Equal Housing Lender