Lines of Credit

Secured Line of Credit (Rates effective 2020-11-17) Rates
Secured Line of Credit 2.25%
Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. The offer of Prime - 0.20% is applicable for applications with total Loan to Value (LTV) less than 65%. For LTVs between 65% and 80%, the applicable pricing is Prime. Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 2.45% as of March 31, 2020. Your interest rate will change whenever the Alterna Prime rate changes. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate 2.25% or 2.45%. Rates calculated semi-annually not in advance. Maximum property value of $1,000,000. Promotional rate expires December 31, 2020. All new applications must be approved by December 31, 2020. Minimum of $5,000 must be advanced by January 31, 2021 to qualify. Applies to owner-occupied residential properties only. Some conditions apply. Subject to credit approval.