Access your equity
No monthly payments. No interest charges.
Unlock up to $500,000 of the equity you have 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 have 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.
What a HESA could cost
An example of a $100,000 HESA on a $1,000,000 home, with the home sold in Year 10. Select a scenario to see the full calculation.
What does “annual cost” mean?
This is the cost of your HESA as a yearly rate, so you can compare it with other options. Remember, with a HESA you have no payments along the way. You settle with HEQ once, when you sell your home or refinance within the 10-year term. The scenarios above assume a sale in Year 10, but you are free to sell or refinance to end your HESA at any time during the 10-year term.
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
Principal residenceYour home must be where you live most of the time
Property type
Detached, semi-detached homes, and freehold townhomesHESAs are currently not available for condominiums
Home finance cap
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 credit score of 500 or higher
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 (minimum 5.0%)
Timeline
Long-term solutionA HESA is designed for homeowners who plan to stay in their home
Transparency builds trust
Simple costs, no surprises
HEQ charges a one-time 3.90% Transaction Fee on the amount you access. It covers creating your agreement, underwriting and regulatory requirements. You also pay for the appraisal and legal review.
A clear path to exit
Your HESA ends when you sell your home or refinance to buy out HEQ, any time within the 10-year term.
At exit, we compare your home’s ending value (the sale price, or a third-party appraisal if you buy out HEQ) to its starting value. You repay the amount HEQ advanced to you, plus HEQ’s share of any increase in value.
If your home’s value falls, HEQ shares in the loss only when you sell after the first three years. On a buyout, or a sale within the first three years, you repay at least the full amount HEQ advanced.