because your home can be used for far more than just a place to eat, sleep, and be merry
Need some extra credit? You may find everything you need right under your very own roof! Take advantage of the equity you’ve built in your home to finance whatever is up next on the horizon. Whether it’s time for home renovations, a new car, or a much-deserved winter vacation (who doesn’t want to escape a Manitoba winter at least for a few weeks?), your home equity line of credit can provide you with access to the funds you need, when you need them.
In a nutshell, your home equity line of credit acts as a revolving line of credit. You can access up to 80% of the value of your home and you will only pay interest on the amount you actually use. Enjoy the flexibility of accessing the money when and where you need it, and then pay down the balance at any time. And the best part? Your home equity line of credit is tied to your mortgage, so it comes with an exceptionally great rate!
For additional information or to set up a home equity line of credit, please contact one of our lending associates.