Financial Consumer Agency Of Canada
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Home Equity Line of Credit

A home equity line of credit is a credit facility which allows you to borrow money against the accumulated value or equity of your property.  Home equity lines of credit work like a regular revolving credit line.  When you make payments on the debt, the payment is added back to the original amount borrowed.

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Home Buyers Guide
Our Best Rates
TermBank RateOur Rate
6 Month4.55%3.75%
1 Year Closed3.75%2.59%
2 Year Closed3.89%2.49%
3 Year Closed3.99%2.65%
4 Year Closed4.39%2.79%
5 Year Closed4.99%2.84%
7 Year Closed5.99%3.40%
10 Year Closed6.29%3.64%
VRM Closed3.10%2.60%
Line of Credit4.00%3.50%