Home Equity Loans

Similar to a home equity loan, you can use the equity in your home to obtain a credit line from which you can draw funds to make home improvements, consolidate debt, buy a new car, take a vacation or pay for college! Use as much or as little as you need. Interest is charged only on the outstanding balance - not the total amount of the credit line. Available credit line replenishes as you repay the outstanding balance.

  • Simple application with no application fees
  • 5-year draw period; repayment period next 15 years
  • No annual fees
  • Low, variable rates tied to the Prime Lending Rate
  • Convenient terms
  • Tax-deductible interest in most cases (contact your tax adviser)
  • No pre-payment penalty (refer to terms and conditions for details)
  • Condos and town homes eligible (some restrictions apply)
  • In-house loan servicing for the life of your loan