Consider a Security Service home equity line of credit if you prefer:
- A credit limit based on the equity in your home
- Access to your funds when you need it. After 5 years, the repayment period will begin
- A credit line that is replenished as the outstanding balance is paid down
- Lower initial variable rates
- Open-end loan that is repaid at a rate equal to 1.5% of the outstanding balance each month
- Security Service law allows a maximum loan amount of up to 80% of the property's value
- Security Service must be listed as first or second lien holder on the property
- Property must be the owner's primary residence
- Second and vacation homes are not eligible
Ready for a new home equity line of credit loan?
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