The value of your home has surely increased since you bought it. Did you know that this could help finance projects you hold dear? How? The Versatile Line of Credit was designed for just this purpose.
Your home: the ideal solution to finance your projects
The Versatile Line of Credit is a line of credit with security of mortgage that can get you financing for up to 80% of the value of your home. You can use these funds to:
- remodel your kitchen
- buy a motorhome
- take a trip
- make a big contribution to your RRSP to cover unused contribution room
- pay your child’s tuition
- diversify your mortgage
- consolidate your debts
Once your line of credit is approved, you can use the funds as you need them, without additional authorization.