Home Equity Line of Credit – Save Thousands in Interest

Home Equity Line of Credit

Home Equity Line of Credit

Rather than Refinancing Your Mortgage and amortize the debt over a longer period another option is to obtain a Home Equity Line of Credit. According to the Globe and Mail, by 2015 there were over 2.1 million Home Equity Lines of Credit outstanding in Canada.

Often also referred to as Home Loans, I work with a number of mortgage lenders that offer the Home Equity Line of Credit, which has a number of advantages over Mortgage Refinancing.

Unlike traditional Mortgage Refinancing the Home Equity Line of Credit is not amortized a over a predefined number of years with pre-determined monthly mortgage payments. Under most Home Equity Lines of Credit you have the option of paying interest only, or putting down large bulk payments. This enables homeowner to have flexibility into how their home equity lines of credit are paid off.

Purposes of a Home Equity Line of Credit

Cash Flow

Increase your cash flow by paying a much lower interest rate than traditional credit cards.

Home Improvements

With a much lower interest rate than traditional credit cards or home improvement loans, the Home .

Gifts

Gifted Down Payment to relatives, investments, etc.

Home Equity Line of Credit Uses

    Pay Off Credit Cards

    Run Your Business

    Gifted Down Payment

    Early Inheritance

    Gift to Family Member

    Home Renovations

    Increased Cash Flow

    Travel

Home Equity Loan

Save Money

With interest rates much lower than traditional credit cards, Home Equity Lines of Credit are a great way to save on interest!.

Access your Equity

Use your Home Equity as Needed, and repay your Equity as Needed!

Stay in Control

Rather than be subjected to the terms of a Mortgage, Loan, Automaker, etc, you dictate your repayment schedule.

Interested in Applying for a Home Equity Line of Credit?

If you are thinking about a Home Equity Line of Credit or a Home Equity Line of Credit then please do contact me. You can complete the following form, or Call or Text me at 519-860-2102.

Mortgage Broker London Ontario – Contact London’s Mortgage Agent


I understand that when you have questions about your Mortgage that a a few hours to receive a response can seem like an eternity! I specialize in providing a fast response time to all inquiries, questions or comments. My Yelp Page shows an average of 10 minute turnaround time for all responses.

As I do with all of my clients, when we are awaiting a response from the mortgage lender we will touch base every day just to keep in constant contact.

Please Feel Free to Call or Text me at (519)860-2102.

Address
Mark Mitchell
203-920 Commissioners Road East
London, Ontario
N5Z 3J1
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