Home Equity Line of Credit

Nesto’s HELOC combines the stability of a mortgage with the flexibility of a revolving credit line. It allows your clients to unlock the value in their homes for renovations, investments, education, or unexpected expenses, while only needing to pay the minimum interest on their daily balance owing. Our HELOC is a powerful tool for both short-term needs and long-term financial planning.

When recommending a HELOC to your clients, nesto offers three major advantages over the Big-7. First, our HELOC is registered as a standard charge behind the nesto mortgage, which means clients can pay it out and discharge it at any time without affecting their mortgage loan. Second, because the mortgage itself is registered separately as a standard charge, clients benefit from lower insurable mortgage rates instead of being forced into higher uninsured rates. Finally, we keep it simple and transparent: every client gets our lowest HELOC rate, always at prime +0.50% — currently 5.45%, with the prime rate at 4.95%.

At Purchase

For clients buying with at least 20% down, we can structure financing to maximize flexibility from day one:
Up to 65% of the purchase price as a low-rate traditional mortgage to secure our most competitive rates

Up to 15% as a HELOC for immediate access to funds without the need to reapply later
Why it works: This smart hybrid approach allows clients to lock in savings on their mortgage (money they need now) while preserving borrowing power through the HELOC (money they can use and reuse anytime) for future opportunities. Perfect for clients who want stability now and flexibility later.

At Renewal

When your client switches/transfers their mortgage to nesto, eligible clients can add a HELOC component to their mortgage,without doing a full refinance.
Provides an on-demand credit line for future projects or expenses
Helps clients plan ahead while keeping their mortgage strategy on track

At Refinance

A refinance is an ideal time to add a HELOC and optimize a client’s financing structure.
Consolidate higher-interest debt into a lower-rate, home-secured credit line
Fund major purchases or renovations without using higher-interest unsecured credit
Keep a financial safety net ready for unexpected needs