The All‑In‑OneTM Home Equity line of credit allows you to purchase your home and access your repaid principal to finance other projects without having to apply for another loan. Up to 65% of the value of the property can be in the form of a line of credit. You must provide a down payment of at least 20% of the value of the property, and the rest of the financing, if applicable, must be in the form of a mortgage loan.
With this line of credit you can integrate your bank accounts ($7 per month per account) and save even more by consolidating your other loans with the same interest rate. As you pay off your loan, the repaid principal becomes automatically available for other projects. You can access your funds at an ABM, via your online bank, with your debit card and more.
TM The All-In-One Home Equity line of credit is a trademark of National Bank.