Use the equity in your home to give you the financial freedom you require to make those necessary home renovations, do some well-deserved travelling, pay off high-interest debts, or for whatever lifestyle goals you may have in mind.
Benefits:
Saves money - lower interest rate due to security.
Peace of mind with life, disability, critical illness and job loss insurances available.
Features:
Security will normally be member's principal residence
Value of loan up to 80% of current appraised property value
Fixed or variable rate
All relative costs, i.e. legal, appraisal, etc. can be added to loan amount
Flexible weekly, bi-weekly, or monthly repayment schedules
Max amortization 25 years
Maximum term 5 years