Скачать или смотреть HELOC vs Refi in Montreal: When Each Makes Sense (and When It Doesn’t)

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Montreal buyers/investors: Should you tap a HELOC or refinance and break your mortgage? The wrong choice can cost tens of thousands. In this video I cover time horizon, rate risk, penalties, debt ratios, tax deductibility, and real scenarios (move-up buyer, investor, renovation) so you can pick the right structure in Montreal + Greater Montreal Area.

👉 Book a 15-minute clarity call: I’ll run YOUR personal numbers (penalty vs HELOC interest, monthly cash flow, approval impact) and show which option wins for your situation.

What we cover
HELOC basics (interest-only, variable, readvanceable) vs Refi (new term/rate, fully amortized)
Quebec quirks: notary, collateral charge, switching lenders
5 Decision Factors: time horizon, rate tolerance, break penalties, debt ratios, tax
Scenario A: Move-up (2–3 yrs) → HELOC often wins if penalty is high
Scenario B: Investor (duplex/triplex) → HELOC flexibility + potential deductibility
Scenario C: Renovations → HELOC for staged work; Refi for structure/discipline
When NOT to use a HELOC + When it’s smart
Pro tips/red flags: cap LTV ~75%, auto-repay, check penalties, CRA records

Service Area: Island of Montreal + GMA (West Island, NDG, Verdun, Plateau, VMR, Villeray, Ahuntsic, Laval, South Shore, Vaudreuil-Dorion, Blainville, Saint-Lazare).

LJ Aguinaga
CERTIFIED REAL ESTATE BROKER | LJ REALTIES

Timestamps:
00:00 HELOC vs Refi: Why it matters
01:03 Quick definitions (HELOC vs Refi)
01:41 Quebec specifics (notary, collateral charge)
01:57 The 5 decision factors
02:42 Scenario A: Move-up buyer (2–3 yrs)
03:30 Scenario B: Investor (duplex/triplex)
04:02 Scenario C: Renovations
04:34 When to avoid a HELOC
04:52 When a HELOC is smart
05:10 Quebec practical tips
05:34 Pro tips & red flags
05:56 4 self-check questions
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