Home Equity Loan - Line of Credit
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
- Security will normally be member's principal residence
- Value of loan up to 80% of property’s value
- Fixed, current rate
- All relative costs, i.e. legal, appraisal, etc. can be added to loan amount
- Flexible weekly, biweekly, or monthly repayment schedules
- Renewal term - one to three years
All lending is subject to credit approval within normal credit guidelines.