FAQs
What is a home equity loan
Chances are the value of your home has gone up since you’ve bought it. You can get access to the extra equity by means of a home equity loan. The equity that is in your home is calculated by:
Value of the home – amount paid on your mortgage = home equity.
For instance, if you have a $200,000 home that you bought twenty years ago, it is probably worth much more than that now. By calling us you can get an assessment of the new value of your home. Say it is now worth $750,000. If you have paid off $150,000 of your first mortgage that means you have $50,000 remaining. Then the equity is calculated as follows:
$750,000 (new value of home) - $50,000 (amount remaining on initial mortgage) = $700,000
You could have access to a portion of that money within a week by contacting Alpine Credits about refinancing.
How can I get a line of credit?
If you own a home, you can get a line of credit from Alpine Credits, regardless of you age, credit or income.
How can debt consolidation save me money?
Debt consolidation works by taking high-cost debt paid to several sources (like multiple credit cards), at high interest rates, and paying them in one payment. This is usually at a much lower rate. Sometimes as low as 2/3rds of what you were paying before.
Why should I consider home renovations?
A few commonsense renovations can increase the value of your property substantially. Think of it as an investment in your own principal asset. A new coat of paint, a fence and a new bathroom can add tens of thousands of dollars to the price tag. Ask us about home renovation loans through the equity available to you.
Which cities does Alpine Credits do BC Loans?
Alpine Credits services ALL of BC, including Vancouver, Victoria, Prince George, Kelowna, Kamloops, and Nanaimo.
Which cities does Alpine Credits do Alberta loans?
Alpine Credits services ALL of ALBERTA, including Edmonton, Calgary, Red Deer, Lethbridge, and Camrose
Can I get a debt consolidation loan if I don’t own my home?
Yes, you can. Speak with our affiliate, Full Circle Debt Solutions about debt management plans if you don’t own a home.
What is a bad credit loan?
Some people have bruised credit, poor credit, bad credit or they are just self- employed. A bad credit loan from Alpine Credits does not look into factors such as credit, age or income. All that matters is if you own a home. To find out more about a business loan from Alpine Credits, contact your nearest office.
