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  • Home
    • About Ryan
    • Tesimonials & Reviews
    • Privacy Policy
  • Mortgage Types
    • Purchase Mortgages
      • First Time Home Buyers
      • Repeat Buyers
      • Second Homes / Vacation Property
      • Investment / Rental Properties
      • New Construction
      • Multi-Unit Properties
    • Refinancing
      • Home Improvements - Renovate
      • Debt Consolidation
      • Equity Take Out
      • Home Equity Lines of Credit
    • Renewal
      • Shop Around!
      • Mortgage Transfer
      • Renegotiate
      • Renew Early
    • Other Mortgages
      • Self-Employed / Stated Income
  • Tools
    • Mortgage Calculators
    • Rent vs. Buy Calculator
    • Mortgage Glossary
    • Home Buyer's FAQs
  • Blog
  • Apply Now

Access Your Home's Equity, At Your Convenience

Whether you're planning on renovating your home, making a major purchase, or taking advantage of investment opportunities, a line of credit can let you borrow with flexibility and convenience. This is a great way to have extra funds available when you need them most.

By leveraging the equity in your home, you may be able to secure a line of credit with an interest rate lower than most other credit products. This Home Equity Line of Credit can be used to purchase or fund anything that you like. And it's easy and convenient to access via either a bank card or a simple online transfer to your regular chequing or savings account when you're ready.

Generally Speaking, Benefits of a Secured Line of Credit include:

Saving you money:

  • Securing the line of credit using your home will result in a lower 'secured' interest rate, and a higher credit limit than a typical personal line of credit.
  • You will only be required to make payments on the funds you use, not your total credit limit. So you're only paying interest on the funds as you need them.

Convenience:

  • Apply just once and it's set up for your future use at any time.
  • Reusable even when it's been fully paid or hasn't been used in a while; you won't have to reapply.
  • Easy access to the equity in your home, without the need for new mortgage applications or added hassle.

Even if you're not sure how much equity you've invested in your home, you can contact me for a free consultation. We'll sit down with you to analyze your current situation and discuss your options. Plus, I'll do the legwork for you! We'll assess your options then discuss the pros and cons of each with you so you're able to make an informed decision.

Ryan W. Smith - Mortgage Broker
House & Home Mortgage Co. 
546 St. Paul St. #250
Kamloops, BC, V2C 5T1

House & Home Mortgage Co. Is a division of Verico Compass Mortgage Group. All Verico franchises are independently owned and operated. 
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