Wondering where you’ll find the money to repair your leaking roof, clear your credit card bill or pay for medical expenses? Why not use the Equity in your Home?
Equity is the difference between the market value of your home and your outstanding debt. Your home is your most significant investment and it generates wealth as an appreciating asset. Tapping into this wealth is one of the many benefits of home ownership.
Even if you’ve only owned your home for a few years, you would have accumulated incremental value. Therefore, if you have repaid 50% or more of your mortgage, you have acquired significant wealth in terms of the equity in your home that can be used to finance your needs.
Home Equity Loan
You can tap into this wealth to obtain financing for debt consolidation, home improvement, education, emergencies, and investment.
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- Stable interest rates
- Maximum repayment term of 30 years
- No pre-payment penalties
- No mortgage indemnity
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- Mortgage cover
- Easy monthly mortgage payment for Homeowner’s Insurance
- Statutory payments