Equity financing is defined by the amount of equity available in the property either by way of the amount of the down payment in the case of a purchase or by subtracting the loan amount from the appraised property value. This type of financing may be a solution for self-employed borrower's where the reported earnings could be lower due to tax deduction strategies.

A home Equity mortgage can also come in the form of a second mortgage, whereby there is sufficient equity in the property to allow for additional mortgage financing to be registered behind the first mortgage already in place.

Although there are a variety of options available, mortgage brokers have access to lender's not available to the public who often meet the specific set of lending criteria unique to your situation.