Client Comments
Thank you so very much for putting so much effort and time for helping us.



We were so happy that you were able to provide us with construction financing. The draw amounts work fine with our builder and we plan to refer anyone building a house. Thanks again.



Hi Joe

Just wanted to pass on our thanks again for all your help with securing our mortgage.

In hindsight, we would have to say that the entire process of buying for the first time went really well and we managed to avoid a lot of the headache and inconvenience that others seem to come across.

Certainly in regard to arranging our mortgage, things could not have been easier for us and we have you to thank for that.

Your patience and attention to detail was greatly appreciated.

All the best,

. Aghazzarian & L. Marino


Truly Professional

Joe helped us out with our financing and all the questions we asked. The rates and service was excellent and he even came to our house to sign all the papers.

We have recommend him to our co-workers, friends and family.


Mortgage Needed In a Hurry!

We needed to arrange something quickly and Joe Walsh was able to provide us with a commitment on the same day;

I would definitely recommend Joe.

A Satisfied Customer!


We supplied Joe Walsh with all of the pertinent information and we were able to sit back and relax while Joe took care of everything.

He examined all of the possibilities and came up with one that best suited our needs.

Joe took all of the shopping and confusion out of the experience and made it simple for us.

We have used Joe several times in the past and will continue to do so in the future.

He is knowledgeable, professional, there to service quickly & promptly without the stress that normally comes along with this sort of decision

Home Equity Mortgage

Find Out How To Quickly Secure A Home Equity Mortgage With Great Rates and Terms

A home equity mortgage, also referred to as a home equity loan, is primarily based on the amount of equity that is present in your residential property.

Equity is calculated by subtracting any debts owing against the property less the fair market value of the property or purchase price, whichever is less.

As an example, if a home had a market value of $500,000 and a first residential home mortgage outstanding of $200,000, then the equity in the home would be the difference, or $300,000.


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Home equity mortgage financing occurs when there is no third party proof of earnings that can be used to support debt servicing.  Typically, when someone applies for a mortgage, the lender will assess the value of the property for security, the strength of the applicant’s credit profile, and the annual income generated by the applicant (or applicants) that will be used to repay the mortgage over time.

In situations where the homeowner or buyer is self employed, the reported earnings may not adequately cover the lender’s repayment requirements due to tax deduction strategies afforded to the self employed.

For these individuals and others that can’t show sufficient income, but have adequate credit and equity of at least 25% in the property, a home equity mortgage is the typical solution.

A home equity loan can also come in the form of a second mortgage whereby there is sufficient equity in the property to allow for additional mortgage financing to be secured and registered after the first mortgage that is already in place.  Once again, as long as the overall equity position after borrowing is greater than or equal to 25% of the value of the property and credit is adequate for the equity mortgage program being considered, a home equity mortgage is a likely source of financing.

Home equity loans can be used to secure property as well as other purposes like debt consolidation or home improvements.

There are several different programs on the market that relate directly to equity specific mortgage applications, each customized to a certain set of lending criteria.  For instance, some programs will be more focused on weaker credit while others will provide more repayment and renewal options for strong credit profiles.

If you’re situation is similar to what has been described above, I recommend that you give me a call so that I can quickly assess your situation and provide you with the most relevant options that we can review together in order to determine the best course of action for you and your family.

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