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  • Home
    • Our Team
    • Testimonials & Reviews
    • Booking
    • Privacy Policy
    • About Ryan
  • 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
      • Refinance for Investment
    • 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 to renovate your home, make a major purchase, or seize investment opportunities, a line of credit can provide you with flexibility. This is an excellent 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 you like. Access is easy and convenient, either via a bank card or a simple online transfer to your regular chequing or savings account when you're ready.

Benefits of a Secured Line of Credit:

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. Rates can range from Prime + 0.2% to Prime + 1%, much lower than personal credit lines.
  • You will only be required to make payments on the funds you withdraw, not your total credit limit. This means 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 (great for those nearing retirement!).
  • Easy access to the equity in your home, without the need for new mortgage applications or added hassle, saving you time later!

Even if you're unsure 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 and discuss the pros and cons of each with you so you can make an informed decision.

For the most current up-to-date information on Mortgages and Real Estate in Kamloops and the BC interior, please 'Like' us on Facebook, follow us on Instagram, Pinterest and check out our Blog.

Ryan W. Smith - Mortgage Broker
House & Home Mortgage Co. 
258 Seymour St.
Kamloops, BC, V2C 2E5

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