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Ontario residential property

Equity Take Out

Your Home Has Equity. Use It When The Bank Says No

Your home equity qualifies you when traditional lenders won't because you don't fit their "box". We fund files with self-employed income, bruised credit, consumer proposals, CRA arrears and more. No appraisals and no credit score minimum.

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Stonefield Capital provides equity-based home equity loans up to 70% LTV in the GTA and 65% in secondary markets, qualifying homeowners on property value and exit strategy rather than credit scores, servicing ratios or employment history. Common uses include debt consolidation, CRA arrears, home renovations, business capital, and bridging financial gaps, with typical terms of 1 to 12 months designed to transition borrowers back to conventional bank financing.

How Equity-Based Lending Works

Your home is your greatest asset. At Stonefield, we believe you should be able to access that value when you need it most. We look at the common-sense reality of your situation to provide a bridge to your next financial milestone.

Traditional lenders start with the borrower: credit score, income, employment history, debt service ratios. If any of those fall short, the answer is no, regardless of how much equity sits in the property. Stonefield Capital starts with the asset. We assess the current market value of your home, subtract any existing mortgage balances, and determine how much equity is available to secure new financing. If there is sufficient equity in your home and the exit strategy makes sense, the deal gets funded.

Common Situations We See

Home equity loans with Stonefield serve borrowers in a wide range of situations that banks will not accommodate.

Self-Employed

We qualify based on your equity and plan, not a piece of paper

CRA / Tax Arrears

Clear your tax debt using your home equity before it escalates.

Consumer Proposal / Bankruptcy Recovery

Banks say no, we look at the equity and your plan to rebuild.

Home Renovations

Access capital to increase your property value and quality of life.

Business Growth Capital

Fund your business using the equity in your home when banks won't help.

Senior Transitioning

Simplify the process for executors or primary caregivers moving seniors into long term care or downsizing.

In every case, the common thread is sufficient property equity and a defined plan to repay or transition back to institutional financing.

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Stonefield Insider Tip: Don't Wait Until the Bank Says No

If you're self-employed or have bruised credit, the bank application process can take 4 to 6 weeks, only to end in a decline. Meanwhile, your financial situation may be getting worse. If you already know the bank is a long shot, start the private lending conversation now. Stonefield can issue a commitment in the same day with a private mortgage term of 1 to 12 months to rebuild toward bank eligibility. The earlier you act, the more options you have.

How We Underwrite

The Property

We assess current market value using comparable sales data and internal review. No appraisals required. We will simply request photos of the property.

The Equity Position

We typically fund up to 70% LTV in major urban centres (Toronto, GTA, Vaughan, Richmond Hill) and up to 65% in secondary markets. As property liquidity reduces, our maximum LTV adjusts accordingly.

The Exit Strategy

Your plan to repay, whether by refinancing to a bank, selling a property or another defined path. Credit and income are reviewed for context, not as pass-or-fail criteria.

Frequently Asked Questions

How much equity do I need to qualify for a home equity loan?
Our LTV parameters exist to keep the deal sustainable for both the borrower's exit and for our investors risk tolerance. Up to 70% LTV in major urban centres (Toronto, GTA, Vaughan, Richmond Hill) and 65% in secondary markets, stepping down as property liquidity decreases. Concrete example: on a $500,000 GTA home, the combined total of all mortgages including Stonefield's can go up to $350,000.
Can I get a home equity loan if I am self-employed?
Yes. Self-employed borrowers are one of our most common profiles. Banks decline self-employed applicants because their tax-optimized income doesn't meet institutional stress-test requirements, even when their actual earnings are strong. Stonefield will request Notice of Assesments (NOAs - to ensure no outstanding arrears) and may request T4s or bank statements for debt servicing and exit qualification. The primary loan is based on property equity and the exit plan, not the borrower's tax return.
Will bruised credit prevent me from getting a home equity loan?
No. Stonefield has no minimum credit score. Whether credit was affected by a consumer proposal (active or discharged), late payments, collections, a prior bankruptcy, or no Canadian credit history, the decision is based on property equity and exit strategy. Many borrowers use the 1-to-12-month term as a runway to rebuild credit, paying down high-utilization accounts alone typically lifts the score 50–100 points over 6 months.
Does Stonefield require an appraisal for home equity loans?
In most cases, no. Stonefield uses its own comparable sales analysis to establish value, saving the borrower the $500–$1000 appraisal fee and typically shaving 3 to 5 days off the closing timeline. On the rare occasion where a formal appraisal is required, we will flag it in our initial response, not at the last minute.
What can I use a home equity loan for?
Use of funds is virtually unrestricted: debt consolidation (high-interest cards, unsecured loans), CRA or property tax arrears, home renovations, business capital, funding another property purchase, bridging a short-term financial gap, or beneficiary buyouts in an estate. Stonefield doesn't restrict the use as long as the equity position and exit strategy support the loan.

Unluck Your Equity Today

No income proof required. No credit minimums. Equity-based lending.

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