HOMELOC

Home Equity LOC

We offer Home Equity LOC on your Owner occupied property with a Loan-to-Value over 80%. See below for details:

Home Equity LOC – Owner Occupied

  • 1.99% fixed for 2 years
  • 8 year draw period
  • Financing up to 80%
  • 18 or 30 year repayment
  • No prepayment penalty

Home equity credit line can be used to consolidate bills, tuition, vacation, etc.

Over 80% Home Equity LOC – Owner Occupied

  • Loan to Value (LTV) is over 80% of Appraisal
  • 8 year Draw Period
  • 18 year or 30 year Amortization
  • Maximum Line of Credit – $250,000.
  • Current variable rate is 4.99% (subject to quarterly changes)

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We offer 1st and 2nd Mortgage Home Equity LOC on your Rental property with an 8 year Draw Period. Amortization varies on the loan type selected. See below for details:

Home Equity LOC – Rental – 1st Mortgage

  • 70% Loan to Value of Appraisal
  • 8 year Draw Period
  • 18 year or 30 year Amortization
  • Maximum Line of Credit – $350,000.
  • Current variable rate is 4.49% (subject to quarterly changes)

Home Equity LOC – Rental – 2nd Mortgage

  • 70% Loan to Value of Appraisal
  • 8 year Draw Period
  • 18 year Amortization
  • Maximum Line of Credit $250,000.
  • Current variable rate is 4.99% (subject to quarterly changes)

SEE RATES

APPLY NOW