Lockable Home Equity Line of Credit (Multi-Lock)
Posted on the 10th of April, 2019
Multi-Lock allows you to lock in a portion of your home equity line of credit at a fixed rate for home improvements, repairs, education, debt consolidation or for anything you choose. By locking in portions of your credit line, at fixed rates available at the time of lock, you don’t have to worry about rising interest rates. Enjoy flexibility and access to your line of credit when you need it.
*Minimum loan amount is $5,000; maximum loan amount is $250,000. The Annual Percentage Rate (APR) you receive is based on your credit rating, loan-to-value of property and loan term. You will be provided the rate for which you qualify when your loan is approved.
Current HELOC APR is between 6.24% and 10.24% based on credit profile. Maximum HELOC APR is 18.00%, primary residence only. Maximum loan-to-value (LTV) is 80% to 90%, depending on credit rating and term selected. Offer subject to change without notice.