Ready to take Action? Our Experts make it easy for you, so don’t waste time and Apply Now!
Use what you already have!
You've been building equity in your home since the first day you bought it. Now, thanks to your hard work and commitment, you can start taking advantage of that equity to save money and increase your financial flexibility.
Reducing your overall debt is a smart financial goal. One way to restructure and consolidate debt is to take out a second mortgage-or home equity loan-on your home. You can end up saving a significant amount in interest by refinancing your home.
It also makes good financial sense to balance future needs with immediate ones.
You can use your home equity to:
- Renovate
- Take a vacation
- Purchase a vehicle or recreational property
- Take advantage of investment opportunities
You have various options when it comes to taking advantage of your equity.
Mortgage
- You can use up to 90% of the current value of your property and get a conventional or high-ratio mortgage. For example, if you have 35% equity in your home, you can use up to 30% (35% minus 5%) of the current value of the property to help you pay for things you want to buy today.
Home Equity Line of Credit
- You can use up to 75% of the current value of your property using a Home Equity Line of Credit. If your mortgage is up for maturity, you can choose a Home Equity Line of Credit, instead of another mortgage, for the full 75% of the appraised value or keep the terms of your current mortgage and take an additional line of credit secured with the difference in your equity up to 75%.
Why Wait? Let's get started today!
- Take a minute to apply for our fast and easy online application today! Find out within two business days if you have been approved.
- Talk to a Credit Specialist today about which credit option best suits your needs and apply over the phone.