Use the equity in your home to give you the financial freedom you require to make those necessary home renovations, do some well-deserved travelling, pay off high-interest debts, or for whatever lifestyle goals you may have in mind.

Benefits:

• Saves money - lower interest rate due to security.
• Peace of mind with life, disability and job loss insurance available.

Features:

• Security will normally be member's principal residence.
• Value of loan up to 80% of property’s value.
• Variable rate
• All relative costs, i.e. legal, appraisal, etc. can be added to loan amount.
• Flexible weekly, biweekly, or monthly repayment schedules
• Easy access to available credit.
• Often lower interst rates than other types of credit (especially unsecured loans and credit cards)
• You only pay interest on the amount you borrow
• You can pay back the money you borrow at any time without a prepayment penalty
• You can borrow as much as you want up to your available credit limity. 
• It's flexible and can be set up to fit your borrowing needs. 
• You can consolidate your debts, often at a lower interest rate. 

Contact us today to see if a Home Equity Line of Credit is for you!