Need to consolidate your credit card balances or other loans? Looking to make those much needed home improvements? With a Home Equity Line of Credit from 1st Choice Savings, it can be a simple and smart way to make your home equity work for you.
Home Equity Line of Credit features:
- A revolving line of credit equal to up to 75% of your home's appraised value
- Using the equity in your home can result in a lower "secured" interest rate
- Lets you borrow with maximum choice, control and flexibility
- Make interest payments only on the funds you use, not your total credit limit
- Pay no operating costs
- Peace of mind and security with a variety of Payment Protection Options
Advantages of this product:
- As soon as you repay any of the credit you've used, it immediately becomes available to you to use again. You're in complete control, able to borrow when you need to, without having to reapply every time.
- A home equity line of credit is a one-time approved ongoing loan that allows you to borrow up to a pre-arranged limit by simply writing a cheque or making a withdrawal. You only pay interest on the exact amount you borrow and only for the number of days you've used it. It's ready cash when you really need it.
Call 320-4600 to speak to a 1st Choice Savings associate or enroll online.
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