Dorothy Smith, AMPMortgage Broker / Regional Partner - Churchill
dorothy@mortgagecentreottawa.com
www.yourmortgageadvisor.ca
p 613-798-8080 x 230 c 613-447-4497 f 613-798-8085
Home Equity Line of Credit
A home equity line of credit is a credit facility which allows you to borrow money against the accumulated value or equity of your property. Home equity lines of credit work like a regular revolving credit line. When you make payments on the debt, the payment is added back to the original amount borrowed.
Sign up for our
E-newsletter
E-newsletter
Our Best Rates
| Term | Bank Rate | Our Rate |
|---|---|---|
| 6 Month | 4.55% | 4.25% |
| 1 Year Closed | 3.65% | 2.74% |
| 2 Year Closed | 3.89% | 3.04% |
| 3 Year Closed | 3.99% | 2.99% |
| 4 Year Closed | 4.39% | 3.15% |
| 5 Year Closed | 4.99% | 3.29% |
| 7 Year Closed | 5.99% | 3.89% |
| 10 Year Closed | 6.29% | 3.89% |
| VRM Closed | 3.1% | 2.90% |
| Line of Credit | 4% | 3.50% |
