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You
can put the value of your home to work with a MeritLine Home Equity Line of Credit.
It starts with a want. From a backyard deck or porch to a mahogany pool table,
the planning stage is up to you. The MeritLine can be used for a summer vacation,
a long sought after cabin cruiser or to help your children through university
or college. Once you determine your plan, we have designed the blueprint for getting
you there.
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Borrow
what you need, when you need it, with one-time application. |
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Arrange
a repayment schedule that gives you maximum flexibility:
your repayment schedule equals "interest only"
and the principal can be repaid as quickly as you
like. |
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Enjoy
your competitive, low carrying rates. |
Your home equity is calculated by taking the current
value of your home and subtracting your mortgage. A
home equity loan allows you to borrow moneyup to 75%
of the current APPRAISED value of your home less the
outstanding mortgage. The equity in your home acts as
security for the loan.
Quick
Loan
A very competitive line of credit! Easy access through your personal
chequing account, up to a $25,000 limit. Call
TODAY and speak to one of our Financial Services Representative.
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