In today’s high-debt environment, more Ontario homeowners are looking for creative ways to access the equity in their homes. Whether it’s to fund renovations, pay down debt, secure a deposit on another property or something else, equity take-outs have become one of the most powerful tools in a broker’s toolkit.

As banks continue to tighten approvals and extend turnaround times, mortgage brokers need fast, reliable solutions that can help clients act quickly — and that’s exactly where Tembo Financial comes in.

Why Equity Take-Out Loans Matter Right Now

Many homeowners in Ontario are “house-rich but cash-poor.” They’ve built significant equity over the years but struggle to unlock it when they need it most. Traditional lenders often require lengthy appraisals and strict income verification, causing unnecessary delays for both brokers and clients.

Tembo Financial’s Equity Take-Out Loans are designed to solve that problem. We help homeowners access the funds they need within as little as 48 hours, through a streamlined approval process and flexible terms.

We can also customize the terms to fit your clients most unique situations!

For brokers, that means faster closings, happier clients, and more deals moving forward.

How Brokers and Clients Benefit

1. 48-Hour Funding:
   
   Time is often the biggest obstacle to a successful deal. Tembo’s streamlined process ensures that funds are approved quickly and released  when needed in a rush within 48 hours of receiving an application*.
2. Streamlined Approvals:
   
   Tembo focuses on the home’s available equity and a client’s overall situation — making it easier for brokers to assist clients who may not fit traditional bank criteria.
3. Versatile Use of Funds:
   
   Homeowners can use their home equity for many needs, including:

• Paying off high-interest debt
• Funding renovations or repairs
• Providing a down payment for another home
• Covering taxes, tuition, or personal expenses
• Accessing funds before a home sale closes
• And many other purposes as sell

4. Strong Broker Support:
   
   Tembo works hand-in-hand with brokers, providing rapid deal runs, transparent communication, and flexible terms that help get deals approved faster.

Real-World Examples

Equity Take-Out for Home Renovations:

A couple in Toronto wanted to remodel their kitchen and bathroom but didn’t want to wait for a bank’s long approval process. Tembo approved their $40,000 home equity loan the same day, and the funds were in their account before weeks end.

Equity Take-Out Before Selling:

Another client was waiting for their property sale to close in 60 days but needed immediate cash to pay off debts. Tembo advanced the funds based on their firm sale agreement — helping them avoid interest penalties and stress.

Why Ontario Mortgage Brokers Partner with Tembo

• Local expertise: Tembo has been serving Ontario homeowners and brokers for years, with a deep understanding of local market dynamics.
• Speed and flexibility: When timing matters, Tembo delivers.
• Broker-first approach: Fast responses, open communication, and a dedicated underwriting team that values broker relationships. Our terms are 100% transparent giving you and your client peace of mind.

Turn Equity Into Opportunity

Whether your client needs funds before a sale closes, is renovating their property, or wants to consolidate debt — Tembo Financial’s Equity Take-Out Loans make it possible.

With same-day approvals, flexible terms, and funding in as little as 48 hours, Tembo helps brokers across Ontario close deals faster and provide real solutions when banks say no.