Perhaps one of the best mortgage products we offer! This type of mortgage allows for great freedom - and at very aggressive pricing! The benefits are far reaching. You can make your mortgage in it's entirety a Line of Credit, or you can fix in a portion of your mortgage and extend the rest as a line of credit, and you can even make your mortgage TAX DEDUCTIBLE if you use the borrowed funds from your Line of Credit to Invest! And remember - you only pay interest IF you have a balance...like a credit card, but with a much larger limit and a much lower interest rate! How low? Well, consider most financial institutions will charge Prime + 1% -2%...with us, we can do it as low as Prime + .50%!
And you can use the funds for whatever you like. Perhaps you have a child ready to go to University or College. Maybe you want to complete an extensive renovation. You may even want to buy yourself a nice Condo in Florida! It's entirely up to you!
As always, we encourage you to take the time to consider all of your available options. The HELOC, as we call it, is not for everyone. We will work with you to make sure we identify what options are best for you. Remember, the decision to refinance requires proper planning and consideration of several factors...let's look at them together.
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simple online form with your details and click submit, and someone from our office will get back to you quickly. Or, just call us at
877-75-FOCUS.