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Information for You

Home Equity Line of Credit

An open line of credit that you can use and re-use with no limitations on advances.

Access your home’s equity quickly and conveniently

With a Home Equity Line of Credit, a credit limit will be established based on the equity in your home and you’ll have the flexibility to use the money whenever you are ready, in any amount. You’ll enjoy lower payments since you’ll only pay back what was actually used. And as you pay down your balance, you can use the available credit again and again. Plus, you can have quick and easy access to your funds 24/7 with free Online Banking.

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Features

  • Easily access your funds within Online Banking or over the phone
  • Enjoy a low variable rate during the draw period and a fixed rate during the repayment period.
  • Borrow up to 80% of your home’s equity.
  • Choose your payment, as low as 1% of the outstanding balance.
  • Use the funds over and over again up to 10 years, with an additional 10 years to repay.
  • Interest may be tax deductible

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