
Home Equity Loans and Lines 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 as you can obtain a lower interest rate due to the security.
- Peace of mind with life, disability, job loss and critical illness insurance available.
Features:
- Security will normally be member's principal residence.
- Value of loan up to 80% of property’s value.
- Fixed, current rate or vairable rate
- All relative costs, i.e. legal, appraisal, etc. can be added to the loan amount.
- Flexible weekly, biweekly, or monthly repayment schedules
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Up to 25 years to repay.
MAXIMUM FIXED TERM OF 5 YEARS
MAXIMUM AMOUNT: 80 % OF PROPERTY VALUE