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| YOUR HOUSE, A SIZEABLE ASSET FOR FINANCING A CHERISHED DREAM | | | The value of your home has surely increased since you bought it. Did you know that this could help finance your childrens' tuition, or your investments for a more comfortable retirement?
It could also help you renovate your house, buy an income property or a second home, a car or a boat.
How? The Versatile Line of Credit was designed for just this purpose.- Your home as leverage
The Versatile Line of Credit can get you financing for up to 80% of the value of your home so you can:
remodel your kitchen buy a car take a trip make a big contribution to your RRSP to cover your unused contribution room or pay your child's tuition diversify your mortgage consolidate your debts
The Versatile Line of Credit is available at a very competitive rate, lower than the rate for a traditional line of credit. Once your line of credit is approved, you can use the funds as you need them, without any additional authorization.
- Save in interest costs with the Versatile Line of Credit
Your property can save you substantial money on interest costs. All you need to do is to roll your car loan, personal loan, mortgage and others into your Versatile Line of Credit.
- Set up your own repayment schedule
You can convert the balance of your Versatile Line of Credit, in full or in part, into a mortgage or personal loan to take advantage of stable rates and payments. This would enable you to set up your own payment schedule to suit your financial situation: you choose the payment terms and amortization.
- Think "Versatile Line of Credit" when you renew your mortgage!
Be proactive and get a Versatile Line of Credit when you renew your mortgage and get the best leveraging tool to carry out your projects now, or later.
Find out more about the Versatile Line of Credit here.
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