A HELOC is a Home Equity Line of Credit. And it’s just as it sounds: a line of credit secured against your property designed to give you cash in the form of equity you’ve accumulated. It’s a great form of financing if you want to consolidate your debt, make a new investment, take a vacation, reno your home or even pay for your child’s education.
Just like a personal line of credit, you can freely draw on the funds in your HELOC up to the total amount you’ve been approved for. You’re required to repay only the money you actually use.
Interest rates for HELOCs have always been lower than those for credit cards or personal lines of credit because they are secured against a property. And now, that is truer than ever before, making monthly payments historically low. 8Twelve Mortgage has solidified relationships with top Canadian lenders so we can offer you the best HELOC rates in Ontario and Canada.
Head Office
8Twelve Mortgage Corp
(ON License #13072)
45 Sheppard Ave East, Suite 211,
Toronto, Ontario, Canada
M2N 5W9
Locations
Corporate Phone & Fax
1.877.812.8128 (Toll Free)
Sales Phone & Fax
1.877.812.8128 (Toll Free)
1.416.800.1052 (Local)
Email
info@8twelve.mortgage
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