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Verico Designer Mortgages Inc. (FSCO Lic # 10194)
Equity Take-Out


2.55%* 2.99%*
5-Year Variable/Closed
5-Year Fixed/Closed
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When you have built up sufficient equity in your home, you can do an Equity Take-Out (i.e. take money out) from your property. In doing so, you increase the principal value of your mortgage.

The money you have "taken out" from the Equity Take-Out can be used for any other purposes that you may see fit.

Some common uses of the money obtained from an equity take-out is used for investment purposes, such as:
  • Investment in other real estate properties.
  • Investment in the stock market, bond market, etc.
  • Purchasing a cottage, or other recreational properties.
  • Starting up a small business.
  • For other investment and tax planning purposes, like contributing to your RRSPs (Registered Retirement Savings Plans), RESPs (Registered Education Savings Plans), TFSAs (Tax Free Savings Account), etc.

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    647-219-1697   (Greater Toronto Area)
    905-481-2168   (Hamilton / Burlington Area)
    905-231-3401   (Pickering / Ajax Area)

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    * Mortgage Rates: Certain Terms And Condtions Apply. O.A.C.
    Rates may vary depending on your financial situation.
    Rates Subject To Change Without Notice.
    Please inquire for Special Promotional Rates.