Flexible financing provides what you need
When you plan to take on large projects or consolidate debt, a Home Equity Line of Credit (HELOC) can be the right solution. Borrow against the value of your primary residence, second home, camp, or vacant land and access a line of credit just as you would a credit card. The amount you borrow is based on its equity, the value of the real estate compared to how much you owe on your mortgage.
- Borrow any amount at any time for any purpose, up to pre-approved credit limit
- Competitive interest rate helps you borrow within your budget
- Access money by check, telephone transfer and online
- Repay the principal at any time
- Interest may be tax-deductible; please consult your tax adviser for full details