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Secured Visa Line of Credit

When you need access to your home equity for renovations, debt consolidation, business use or any other use, often enough you would think to refinance your first mortgage. However, what if you still have several years left on your first mortgage and it’s locked in a fixed rate? You might have to pay a steep penalty to break that mortgage. And what if you have lower credit or not enough income to qualify for your refinance? This is when you can think of a secured Visa line of credit.

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The secured Visa is a great way to access your home equity (house or rental) without the need to break your first mortgage. You can borrow as much as $1,000,000.00 (depending on the house value) and the rates start at 8.99%* (depending on your credit score). This product is completely revolving, allowing you to re-borrow more funds when you want!​​

 

If you want to know more about the secured Visa line of credit, or you would like to apply for one, give us a call now or send a message in our contact form.

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*This product has no term. Meaning you can keep it for how long as you want just like any other credit card. However, there is a one time start up fee that will be deducted from the advance.

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Mortgage Architect's Inc.   FSRA# 12728

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We do not favour any financial institution when comparing rates and products for users. We are not endorsed or sponsored by any of the financial institutions present on this website.

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*Rates are subject to change without notice. Rates are based on credit, loan amount, property type, and product. Alternative rates are subject to change without notice and based on credit, product, loan to value and overall risk. Conditions and fees may apply. Please reach out for details.

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FULL LIST OF LENDING AREAS:

Toronto, Aurora, North York, Ottawa, Barrie, Kingston, Pickering, Peterborough, London, Richmond Hill, Oshawa, Bradford, Kitchener, Burlington, Milton, Vaughan, Etobicoke, Mississauga, Oakville, Ajax, Stouffville, Whitby, Markham, Thornhill, Scarborough, Brampton, Woodbridge, Hamilton, St.Catherines, Guelph, Newmarket, Maple, Cambridge, Kanata, Orleans, Carleton place, Renfrew, Nepean, Rockland, Hawkesbury, Cornwall, Alfred, Barhaven, Barrie, Brockville and the rest of Ontario.

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