Home Equity Loan with no Work History

[Omran S.]

In Ontario, Canada, how likely is it that I would get approved for a home equity loan if I only have minimum wage history as self-employed?

I have ownership of one residential  property (inheritance). 

What are ways to increase my chances of getting the loan without raising eyebrows with the CRA?

Thanks for sharing your input. 

[Nick Thompson]

I assume your inheritance is mostly or all paid off.  If that is the case most local lending institutions will loan you up to 60% of the value of the property without too much hassle.  If you have minimal or no other debt you should be able to qualify even with a lower income.  If one bank turns you away keep trying others.  Try a local credit union as they are generally more flexible with their requirements.