Home Equity Mortgage
A mortgage based only on the equity in your home is different from a Home Equity Line of Credit (HELOC). It's a regular mortgage and not a re-advanceable line of credit.
It's based on the value and equity available in your property, not your income or the ability to service the debts. Most of the private mortgages are equity based.
A great option for business owners and self-employed who do not have traditional income, but have enough equity in their property.
Right now, with a good credit score and at least 50% equity in your home, it's possible to get a mortgage at very competitive rates from a bank.
to see if this option is right for you.