Get Low Rates on a Line of Credit from InTrend Mortgage

A line of credit is a flexible way to borrow from the banks. Whether you’re paying off high-interest debt, consolidating, doing home renovations or travelling, a line of credit can be a great option. Working with an InTrend Mortgage agent will help you find the best possible line of credit lending rates available in Toronto and Southern Ontario.

The benefits of a line of credit

Apply for a line of credit with Intrend Mortgage and:

• Benefit from lower interest rates compared to standard credit cards (18-21% for credit cards vs. current bank prime rate).
• Enjoy the freedom to use as much or as little as you want at once
• Don’t pay interest until you use it
• Only pay interest on the amount you borrow (For example, if you have a line of credit for $20,000 and you use $5,000, you only pay interest on $5,000)
• Have the control to draw, pay back and re-draw as much as you want – your InTrend Mortgage line of credit will never expire

Choose from 2 types of lines of credit

1. Secured line of credit

With this option, the line of credit is secured with collateral. A home equity line of credit (HELOC) falls in this category, with the collateral being the applicant’s home. Those who qualify for a secured line of credit will benefit from lower interest rates and higher credit limits.

Looking to purchase another home or property? A line of credit mortgage is also available from $10,000 to $500,000 depending on the value of the home it’s secured upon.

2. Unsecured line of credit

This option comes with a higher interest rate as it isn’t secured by any assets or collateral. However, the biggest advantage of an unsecured line of credit is that they are approved quicker and with less paperwork than secured lines of credit.

Call us today at 905-780-8988 for low-interest rates on a line of credit.