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i provide ™
As property values continue to rise across the country, homeowners are beginning to realize they are literally sitting on (and sleeping in) their best performing investment. However, until recently, getting the equity out of your home often entailed labourious renegotiation with the bank to refinance or borrow against your mortgage.
Not anymore. With iprovideTM, you can use your home as security to qualify for a revolving home equity line of credit. With no renegotiation and no re-mortgaging, iprovideTM is the ideal way to use the equity in your home to take care of the things and people that matter most.
By accessing the credit you've already been approved for, you can free up funds to use as you see fit - from sending your child to university or sending your parents on a well-deserved vacation to finally putting in the swimming pool you've been dreaming about for years.
Key Features & Benefits:
- Approvals up to 90% of your home's value
- Lines of credit up to $600,000 ($700,000 in selected markets)
- Renewable five-year terms with variable rates as low as prime
- Interest-only minimum monthly payments
- Flexible principal prepayment options with no penalty
- Proof of income not required to qualify
- Discretionary use of proceeds for renovations, education or even vacations
- No mortgage insurance premiums, even for high ratio mortgages
- Available for owner-occupied homes (up to a fourplex) and condominiums
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