Benefits of Home Equity Line of Credit

Author: Canadian Easy Loans |

  • A low rate of interest that equates to low monthly payments
  • Interest is only applied to the amount you borrow
  • A flexible loan that allows you to pay off the balance without penalty
  • Provides an emergency fund in case of events such as sudden illness, loss of job or anything that interrupts your family’s life that can incur loss of income
  • A credit facility with access to money that allows you to consolidate debt at a low interest rate
  • The application and approval for a home equity line of credit is an easy, stress free process