Bank of Canada Decreases Rate by 0.25%
Unlock your home equity
The nesto HELOC
Flexible access to low rates, powered by your home equity.
Borrow to get ahead with nesto’s brand-new low-rate Home Equity Line of Credit. From renovating your home to keeping your financial plan on track, access the funds you need to invest in your future.
Speak to a mortgage expert now
Let’s start with a rate, low from the get-go
After all, that is one of our core strengths- HELOC is no exception. Enjoy a competitive variable rate, unlock your home’s equity, and access your funds as soon as today*.
4.95%
Prime Rate +0.50%
The nesto HELOC
Get the financing you need for your home and your future projects.
Preferred Rate
You’ll get a preferred rate regardless of your HELOC limit.
Interest-Only Payment
Only pay the interest on your monthly balance, leaving more money for other things.
No Prepayment Penalties
Repay your principal amount owing at any time, penalty-free.
No Monthly Fees
You won’t be charged monthly fees– save hundreds over the life of your HELOC.
No Withdrawal Fees
You won’t be charged withdrawal fees to access your funds.
How can nesto’s HELOC help me?
No project is too big to finance. Take advantage of the home equity that you’ve built in your home.
With nesto’s HELOC, you can access the funds when you want and use them however you want.
Renovations
Give your home life and property value a boost with some improvements.
Big purchases
We’ve got you covered, from education to appliances or car loan payment.
Debt consolidation
We’ve got you covered, from education to appliances or car loan payment.
Investments
Leverage your equity to stay on track with your financial goals.
Is nesto’s HELOC right for me?
If you’re ready to explore your options, our mortgage experts are here to help. Let’s discuss how a HELOC can fit into your financial plans.
Speak to a mortgage expert now
HELOC FAQ
What is a HELOC?
A home equity line of credit is a revolving credit facility secured by your home—meaning that your home is collateral for the facility. nesto’s HELOC provides revolving, non-readvanceable credit so you can borrow money up to the limit. You can repay the principal whenever you want and reapply to access the amount again.
How much can i borrow?
You can borrow up to 50% of your home’s appraised value minus any existing mortgage balance. The minimum limit is $25,000. Contact a nesto mortgage expert to learn more details.
Who is eligible for a HELOC?
Anyone transferring/switching their mortgage to nesto or completing a home purchase with nesto is eligible for a HELOC.
How much does it cost to set up a HELOC at nesto?
When opening a Home Equity Line of Credit (HELOC), you’ll pay a one-time registration fee of $295. This fee is required to legally register the HELOC against your property title as collateral. The registration process secures the lender’s interest in your home, ensuring they have a legal claim in case of default. This fee is not recurring—you pay it once at the time of registration, and it covers administrative and legal costs.
How can I qualify for a HELOC?
Speak with a nesto mortgage expert when discussing your mortgage application to see if you’re eligible for a HELOC.
Terms & conditions apply. Rate (4.95%) is in effect as of today (date), and the variable rate is calculated as Prime + 0.5%, subject to change. Please consult the expertise of our mortgage experts for advice.