Home Equity 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 and disability insurance available.
Features:
- Security will normally be member's principal residence.
- Value of loan up to 80% of property’s value.
- Variable rate baed on prime.
- All relative costs, i.e. legal, appraisal, etc. can be added to loan amount.