Home Equity Loan Plan
Did you know you can turn your home equity into cash? A Home Equity Loan Plan allows you use your home as security to borrow up to 80% of its current value minus what you owe. This is a great option to consider if for larger purchasing or renovation needs for a vacation home.
Note:
- A minimum loan amount of $10,000
- Repayment period up to 25 years
- Fixed interest rate with flexible repayment schedule. Choose monthly, semi-monthly, bi-weekly or weekly
- Allows for flexible repayment
- Defer one month's payment up to 2 times a year
CURRENT RATES
CURRENT RATES
24 Jul 2024
| Term | Our Rate | Bank Rate |
| 2 YEAR | 5.39% | 7.35% |
| 3 YEAR | 4.89% | 7.14% |
| 4 YEAR | 4.89% | 6.99% |
| 5 YEAR | 4.69%* | 7.04% |
| 5 YEAR variable | 5.55%* | 7.20% |
|
|
