29 March 2012
If I have a current mortgage, can I get more financing?Answer- yes, if you qualify you can get a line of credit up to 80% value of your home. A secured line of credit is a great product to keep your interest rate low while having access to funds any time. It is a very flexible product. Plus, you only pay on the amount you use or the outstanding balance – not on the limit. A Line of Credit secured by your home will sit in second position behind your first mortgage. It also is a great product for large purchases, home improvements or investments.
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Find out more about how to apply for a line of credit by calling our office toll free 1-800-687-9020 or Vancouver 604 649-5991
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