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Alpine Credits: Overview

After being in business for 50 years, Alpine Credits has plenty of experience in lending, home equity products, and debt consolidation solutions. They offer a ton of different loan types and other financing options. With their speedy approval times and short waiting periods, this alternative to the banks is a solid ally for any Canadian homeowner or borrower to have on their side.

Alpine Review: Our Verdict

Who is Alpine Credits Best ForConsumers who:
– Live in BC, Alberta, or Ontario
– Are homeowners with at least 20% equity in their home
– Have bad credit
– Need a big loan
– Need the funds quickly
What We Like About Alpine Credits – Bad credit accepted
– Quick approvals and funding
– Large loan amounts can be secured
– Flexible repayment plans
What We Don’t Like About Alpine Credits – Only available in BC, AB, & ON
– Potentially high interest rates
– Your home is at risk if you default

What Can You Use An Alpine Home Equity Loan For?

An Alpine home equity loan will typically be deposited into your account as a lump sum of cash. You would then repay the borrowed amount through divided installments over multiple years, plus interest and fees. During that time, you’re free to spend the money on whatever you want. That said, a home equity loan is a serious financial commitment. As such, it’s best if you only use the money for expenses that are truly important, including but not restricted to:

  • Consolidating Debt – With an Alpine home equity loan, you can consolidate high-interest debts such as credit cards, car loans and payday loans. 
  • Repairs – You can use the loan to cover general home maintenance and/or essential repairs. 
  • Renovations – You can use the equity in your home to make additions and/or renovations to the property. 
  • Education Expenses – Want to pursue higher education? You can use Alpine’s home equity loans to finance your tuition, books and other school supplies.
  • Emergencies – A home equity loan can be a low-cost way to cover your expenses during financial emergencies (medical issues, unemployment, etc.).  

How Does An Alpine Home Equity Loan Work?

Remember, whether or not you’re approved for financing will depend greatly upon the amount of equity you have in your home. The more real estate value your property has and the more of your primary mortgage you pay down, the more home equity you have.

When you apply with Alpine Credits, your home equity will act as loan security, otherwise known as collateral, to protect the lender if you default on your payment plan. If you already have an existing mortgage on your property, the home equity loan will become your “second” mortgage, as it’s commonly known. Because of the collateral involved, the loan will then be “secured”, which can allow for better conditions.  

Features Of A Home Equity Loan From Alpine Credits

  • The ability to use your loan funds for whatever expenses you want 
  • Adjustable interest rates and repayment terms
  • The chance to secure more credit than with an unsecured loan or credit card

How To Qualify With Alpine Credits

As mentioned, the main product that Alpine Credits offers is the home equity loan.  Depending on how much equity you have and how much money you want to borrow, your loan could add up to a sizable sum. Therefore, the approval process can be a bit more complicated and more strict than with the average personal loan or credit card. 

General Approval Requirements

  • Be a Canadian citizen or a permanent resident 
  • Be a homeowner 
  • Be a resident of British Columbia, Alberta, or Ontario
  • Be the age of majority in your province. 

Overall, the conditions of your home equity loan will hinge on your ability to keep up with your future payments. The stronger your finances are and the more equity you have, the easier it will be to get approved for a large loan with an adjustable repayment term and a low-interest rate. 

What Is Home Equity And How Is It Accumulated?

Simply put, your home equity is the total real estate value of your home, minus the balance that remains on your primary mortgage (if any). You can also accumulate equity by adding value to your home through additions, renovations, or other improvements. Your total equity may even rise if your neighbourhood becomes a more desirable place to live. 

Here’s a basic example of how to calculate your home equity:

  • Let’s say you have a home with a $500,000 mortgage
  • You’ve managed to pay down $250,000
  • $500,000 – $250,000 = $250,000 or 50% equity (plus added real estate value) 

How To Handle The Alpine Credits Application Process

Fortunately, unlike banks and credit unions, Alpine Credits seems to be less restrictive with their potential borrowers. The requirements above are just some of the standard qualifications you’ll often need when applying for a home equity loan. For instance, although it might help you earn a better interest rate, a strong credit score isn’t as important for approval as it would be with other mortgage-based lenders.   

Nevertheless, you may be asked to fill out various personal and financial information when you apply with Alpine Credits, including but not limited to your:

  • Full Name
  • Email Address
  • Phone Number
  • Property Value
  • Existing Mortgage Value
  • Requested Loan Amount
  • Address, Province & Postal Code

While the application process can be completed online within a few minutes, you can also call Alpine Credits at 1-800-587-2161 to speak with a customer representative. If you qualify, you should be notified in as little as 24-hours and receive the funds via direct deposit.

Costs To Consider With A Home Equity Loan From Alpine Credits

Every loan product is different. This is particularly true for home equity loans, where there are a few extra factors involved, such as the value of your property and the size of your mortgage. The associated costs could go up and down depending on a number of factors. 

If you apply for a home equity loan, here are some of the basic costs that you may encounter and must factor into your home budget:

  • Principal – Perhaps the largest cost you’ll encounter is your monthly loan payments. Although they can be adjusted to suit your finances, you may have trouble covering them if you already have one mortgage on your property. 
  • Interest – The interest rate that you are charged is your cost of borrowing. The interest rate you will be offered typically depends on your financial situation, credit health, etc.
  • Fees – In general, lenders charge fees like loan origination, home inspection, and late or missing payments.

Pros And Cons Of Alpine Credits

Remember, every lender and loan product has its upsides and downsides. It’s important to weigh these benefits and drawbacks, as they can have a drastic positive or negative impact on your finances. While Alpine Credits has been around for over 50 years, it’s still a good idea to look at the pros and cons of their institution: 


  • Credit is not as important for loan approval (available equity is more essential) 
  • Adjustable interest rates and repayment plans are offered
  • Approval and funding times are relatively quick 
  • Large loan amounts can be secured and used for almost any expense
  • A long-standing company with an A+ rating from the Better Business Bureau


  • Services are only available in 3 provinces (BC, AB, ON)
  • High-interest rates and loan fees could be included
  • Two sets of mortgage-based payments can be tough on your finances

How Does Alpine Credits Compare To Rocket Mortgage?

Rocket MortgageAlpine Credits
Loan Types– New mortgages
– Refinancing: Cash out, Lower payments, Shorten term
– Renewals
Home equity loans
RatesStarting at 6.44%Starting at 10.0%
Approval TimeNot specifiedLess than 24 hours
Bad Credit Accepted?Not specifiedYes
Loan AmountsNot specified$10,000 – $500,000
Home Equity RequiredNot specifiedNot specified
AvailabilityAcross CanadaBC, AB, & ON

What Do Consumers Think Of Alpine Credits?

BBB Accredited + Rating1.9/5 stars
Google Rating3.6/5 stars
Trustpilot Rating3.2/5 stars
Social Media PresenceIG: 477 followers
Twitter: 2,359 followers
LinkedIn: 359 followers
Main Office Location10524 King George Boulevard, Suite #310, Surrey, BC

Is Alpine Credits Safe?

Yes, Alpine Credits is a secure platform to apply for a loan. The company has been in the lending industry for over five decades providing Canadians with home equity loans. Alpine Credits currently boasts an A+ rating with the Better Business Bureau (BBB), and all loan officers are licensed in their respective provinces, so you can rest assured knowing that you’re dealing with professionals in the industry.

Alpine Credits - Frequently Asked Questions

How long does Alpine take to approve a borrower?

When you submit an online application, you can get approved for a home equity loan with Alpine within 24 hours. After approval, funds will then be deposited directly into your bank account within the week.

How do payments work with Alpine Credits?

Alpine Credits uses direct debits to process payments. They will automatically deduct your home equity loan payments from your bank account based on the terms you agreed upon.

What is home equity?

Home equity is the portion of your home that your actually own. To calculate your home equity, you can subtract what you still owe on your mortgage from the value of your home. If your mortgage is paid off and you have no other debt tied to your home, your home equity is the full value of your home.

What is a second mortgage?

A second mortgage is any mortgage or line of equity that you have in addition to your first mortgage. You’ll need to have built up some home equity to take on a second mortgage. Most consumers apply for a second mortgage to consolidate debt or renovate their homes to add value.

Services & Products

Alpine Credits Offered Services

Home Equity Loan

Loan Range
  • $10,000+
Interest Rate
Based on equity
Terms (Months)
Funding Time
  • Within one week
Funding Method
  • Direct deposit
Repayment Options
  • Direct debit
Requirements & Documents
  • Mortgage statement
  • Tax assessment


Reviews & Rating

See what others have to say about Alpine Credits

Wonderful service with Bev Devos she was fantastic and understanding. She deserves a huge KUDO and a good raise.

I want to thank you Bev for her excellent customer service, she’s attentive and knowledgeable and we got our money right on time!!!

Thank you Bev De Vos for help. It was great working with you.

Alpine Credits is a great company! They are highly professional and carefully comply with laws and regulations. This made me feel very secure. Alvir A

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