Menu
A home equity line of credit commonly referred to as a HELOC is a revolving credit loan secured against your home, similar to a mortgage but offers more flexibility.
A HELOC allows you to access funds up to your global credit limit. You can draw on funds and repay them as needed. The best part, you only pay interest on the amount you borrow and you have the flexibility to make small or large payments depending on your financial situation at that time.
A HELOC is a great option if you have excess equity in your home and you foresee the need to access funds in the near future for large purchases such as tuition, potential renovations, or even emergency funds.
Lots of flexibility with payment options such as lump sum payments with no prepayment penalty.
Great option if you don’t need the funds now but want to have the security there in case you need the funds in the future.
Loading form...
Bax Mortgage Group Inc.
131 Wharncliffe Road South 3rd Floor
London, Ontario N6J 2K4
Tel: 519-433-4800
Email: info@baxmortgage.com
Licence No. 11036
Borrow as much or as little as you need up to your global limit.
At Bax Mortgage, we make home financing simple, transparent, and tailored to your goals. Learn more about who we are and how we help you move forward with confidence.