Total Access Home Equity

With Total Access Home Equity (TAHE), you can 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 and job loss insurance available.

Features:

• Credit limit up to 80% of the home’s current appraised value.
• Mortgage terms can be customized into fixed and variable rate solutions, or between short and long-term solutions.
• Flexible payment options. Monthly payments can be as low as interest only or pay off the full balance without penalty on open terms or lines of credit.
• Allows consolidation of existing debt to save on interest charges.
• Funds are accessible from the line of credit through online banking, ATMs, credit union branch or by cheque.
• Total Access Home Equity is non-transferrable and non-assignable

MAXIMUM AMORTIZATION - 10 YEARS

MAXIMUM AMOUNT - 80%

RENEWAL TERM - 5 YEARS