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Home Equity Loan
Use the equity you have in your home to help finance larger borrowing needs. By using your home as collateral, you can borrow up to 75% of its current value, less the outstanding balance of any existing mortgage.
Features
- A minimum loan amount of $10,000.
- An amortization
period of up to 25 years.
- A fixed interest rate.
- A convenient repayment schedule: Choose from weekly,
bi-weekly, semi-monthly or monthly payments.
- Re-pay by pre-authorized debit
direct from your account.
- Make a full or partial pre-payment with no penalty.
Some restrictions apply.
- Skip one month's payment twice a year. Some
conditions apply.
- Optional creditor life and disability insurance.
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