Lines of Credit
Access cash whenever you need it.
A line of credit provides you with the flexibility and convenience to do that renovation on your home, make that major purchase, or take advantage of investment opportunities.
By leveraging the equity in your home, you may be able to secure a line of credit with an interest rate lower than most other credit products. Depending on the amount of equity you’ve invested in your home purchase, less any outstanding debts registered against your property, you may qualify for a secured line of credit. This is instant money that you can use for anything you like.
Generally Speaking, Benefits of a Secured Line of Credit include:
Saving you money:
- Using the equity in your home may result in a lower ‘secured’ interest rate, and a higher credit limit.
- Make interest payments only on the funds you use, not your total credit limit.
Convenience:
- Apply once and it’s set up for your future use.
- Reusable even when it’s been fully paid; you won’t have to reapply.
- Easy access to your line of credit funds.
There are cons to taking out a Line of Credit of course. Some of these include:
- Over spending can lead to serious financial trouble
- Interest rates are variable therefore, your payments are too. This can result in difficulty making those payments.
Even if you’re not sure how much equity you’ve invested in your home, you can contact Harry Howard for a free consultation. We’ll sit down with you to analyze your current situation and discuss your options. Plus, we’ll do the legwork for you! We’ll assess your options, afterwards, discuss the pros and cons of each with you so you’re able to make an informed decision.
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Harry was beyond amazing. He was professional, gave great advice and demonstrated superior expertise. He had creative ideas for different strategies we had never considered for organizing our complicated mortgage. He will definitely be my first call next time I need a mortgage. He is a man of integrity.
Harry went above and beyond. He was diligent, professional and untiring in his efforts on our behalf. We would not hesitate to refer friends or family to use Harry’s services. It was a real pleasure to meet and do business with a man of this caliber and a great guy to have in our corner.
Harry was great at explaining the whole buying/financing process. He is willing to share what he knows and give advice, he explained all the terms and answered any questions I had. He truly went above and beyond my expectations. All brokers can get you a great rate…..but Harry will give you great service as well and makes the process very easy. I will definitely use him again and I highly recommend him as a mortgage broker!!
Harry helped us with the daunting task of buying our first house, and acquiring our first mortgage. As a mortgage broker Harry was absolutely amazing; he made sure that we understood all of the steps that we were going through and the possible options. He also helped us envision long term options for our property and our financial future, and checked in with us at each step of the purchasing process. We will absolutely go back to Harry and recommend that others go to him in the future as well.
I had a great experience using Harry as my mortgage broker. He kept me up to date on all steps of the process and was very flexible in getting the papers signed due to me not currently living in the area, and working out of province. I would not hesitate to use his services again, and heartily recommend him to anyone looking for a mortgage at the best rate.