Access your equity
No monthly payments. No interest rates.
Unlock up to $500,000 of the equity you’ve built while keeping full ownership of your home and enjoying it on your terms. A HESA gives you access to funds today, with a 10-year term and no monthly payments, in exchange for sharing in the future change in your home’s value when you decide to sell or exit.
A partner in the outcome, not a creditor
Your home represents years of hard work and financial growth. However, accessing the equity you've built often means taking on new debt, making monthly payments, or waiting until you sell your home.
A HESA is structured differently. HEQ invests alongside you as a partner in your home's future. If the value rises, HEQ participates in the gain. If it falls, HEQ shares in the loss. You access funds today while retaining full ownership of your home throughout the 10-year term.
The funds are yours to use as you choose: pay down debt, supplement retirement income, cover a major expense, invest in your future, or simply gain financial flexibility. You decide how to use the money and remain in control of your property. There is no interest and no monthly payments, and the agreement ends only when you sell your home or exit by refinancing, on your own timeline.
The process
Most homeowners are funded within 30 to 45 days. The process is built around your timeline, not ours.
- 01
Get an estimate
Run the numbers through our calculator. It takes under two minutes and has zero impact on your credit score.
- 02
Speak with our team
A member of our team will walk you through the HESA, answer every question, and be honest with you about whether a HESA is the right fit. If it isn't, we'll tell you that too.
- 03
Submit an application
Apply through our licensed underwriting partner, Perch. They'll securely collect your documents and review your application to ensure the HESA is suitable for you.
- 04
Independent appraisal
An independent, third-party appraiser will determine your home's current fair market value.
- 05
Access your funds
Once you've reviewed the HESA with your lawyer and signed the agreement, your funds will be deposited directly into your account to use as you choose.
Is a HESA right for you
A HESA may be available to homeowners who meet a few straightforward requirements. Use our estimator to see if you meet the criteria below and get an initial indication of your eligibility.
Location
Greater Toronto AreaYour home must be located in the GTA
Occupancy
Primary residenceYour home must be where you live most of the time
Property type
Detached, semi-detached & townhomesHESAs are currently not available for condominiums
Loan-to-value
75% or lessYour total mortgage balance plus your HESA advance cannot exceed 75% of your home's current value.
Minimum credit score
500+You must have a minimum credit score of 500
Funds available
$50K – $500KThe funds you may be eligible to access
Maximum advance
Up to 17.5%You can access up to 17.5% of your home's current value
Timeline
Long-term solutionA HESA is designed for homeowners who plan to stay in their home
Clear costs, no surprises
One transparent fee
We believe transparency builds trust. HEQ charges a one-time 3.9% transaction fee based on the amount you access through your HESA. This fee covers the costs of creating your agreement and supports the required regulatory and underwriting process.
Homeowners are also responsible for appraisal and legal review costs.
What happens at exit
Your HESA ends when you sell your home, or when you choose to exit through a refinance, within the 10-year term.
At exit, we determine your home's ending value, either from the sale price or from a third-party appraisal if you refinance. We then compare this ending value to your home's starting value, from when the agreement began, to calculate the change in value.
You repay the original amount HEQ provided, adjusted by HEQ's share of that change in value. If your home's value rose, you repay HEQ's share of the gain along with the original amount you received. If your home's value fell, HEQ's share of the loss is subtracted from the original amount.