Secured Line Of Credit

Author: Martel Mortgages |

A secured line of credit is a great way to save money and use the equity you have in your home. You can access up to 80% of the equity in your home in combination with a first mortgage, or 65% as a straight line of credit. This is revolving credit that you have that is under an Open Term. Most major banks now register a collateral mortgage when registering this type of product. We have the lenders who still register a standard mortgage thus protecting the equity you have worked for!