Secured Line Of Credit
A HELOC (home equity line of credit) is an alternative way to borrow. With a HELOC, your home’s equity becomes collateral to provide you with a supply of credit. You decide how much credit you need, when you need it, then repay it when you can. There is never a penalty to pay off your balance. A HELOC is flexible the way a loan isn’t. Once approved, a line of credit can be accessed any time, for any amount up to your limit.
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David Nataf is a Managing Partner and Chartered Mortgage Broker at Centura Finance, based in Montreal, Quebec. He is an expert in his field, with over 10 years of experience as a Mortgage Broker. Through hard work and dedication, David has earned various honours within the industry.