Unlock Your Equity to
Generate More Equity.
Now, that's Smart
Real Estate Investing.
WHAT IS IT?
The Income Property Credit Line Visa is designed for those who wish to unlock the Equity in their Rental Properties to Expand and Develop their Portfolios.
The Only Home Equity Credit Line that can be Registered against a Residential Rental Property.
Qualify for up to $500,000 Credit Limit & up to 80% Loan to Value.
Funds are quickly accessed through a convenient VISA Card.
100% of Rental Income Used for Approval
No Personal Tax Information or Financial Statements Required for Approval
The IP Credit Line VISA can be used for:
Down Payment to Purchase Additional Properties
Debt Consolidation or Pay Off Private Mortgages
- Renovations and New Construction Projects
Earn 1% Cash Back on All Purchases
21-Day Interest Free Period on Purchases
Interest Payments only on Credit Used
Auto Rental Insurance
Purchase & Fraud Insurance
In-Store, ATM & Online Account Access
FEES & RATES
No Upfront Fees, No Annual Fee, No Monthly Fee
Rates from 4.99% to 9.99%
Rates are FIXED and do not fluctuate like Home Equity Lines
One Time Processing Fee of 2.99%
Processing Fee & Closing Costs can be charged to Credit Line
Limited to Residential Rental Properties Only
Up to 4 Units Permitted.
Can be Registered in 1st and 2nd Position at the Same Interest Rate
Use Equity to Build & Grow Your Empire.
Use the Equity you've Earned to help you purchase your next income property, renovate existing properties, or replace a high-interest second Mortgage.
I HAVE BEEN WAITING FOR A CREDIT LINE LIKE THIS FOR YEARS!
"After 20 years in the Rental Business, I was so excited to finally hear that there was a Credit Line that I could add to my Rental Properties. I was High Interest and Fees for Mortgages from the Banks or Private Lenders every time I needed to renovate or buy more properties. The IP Credit Line is going to save me thousands and help me grow big time!"
Allan Yu, Toronto ON
HAPPY WIFE, HAPPY LIFE!
"I needed money to replace all the kitchens in my 4-Plex Rental Property. Even though I had lots of Equity in the Rental, the Bank wanted me to register a HELOC against my Home. My wife was not happy, and told me that our HOME is Mortgage-Free and she wanted to keep it that way. I was approved for a $350,000 IP Credit Line on the rental, and now my Wife wants to use the Line to Renovate our kitchen at home.
David M, Burnaby BC
BECOME A REAL ESTATE MAGNATE
"I qualified for a $400,000 Realtor ELV and used the Credit Line to Buy 3 Pre-Construction Condos in Downtown. It's been a year and I have already made over $100,000. When the Condos are done in 2 years I will have easily made over $300,000"
Atticus Servinis, Toronto ON
SAVED $15,000 A YEAR IN INTEREST!
"I racked up about $85,000 in Credit Cards because I had to fix a flooded basement in my Duplex Rental. I had a low Mortgage Rate and didn't want to break it to pay off my cards. So I got an IP Credit Limit of $150,000, paid all my Cards, and didn't have to cancel any of them"
Alicia Davis, Kitchener ON
OUR SIMPLE 3 STEP PROCESS
Submit Your Documents
Email us the Documents from the Checklist and will have your
Free Approval within 2 days.
Accept the Terms
If you are Happy with the Rate and Credit Line Amount, we sign the Docs and order the Property Appraisal to confirm its value.
RECEIVE YOUR CARD AND MONEY
Meet with our Legal Team to Register the Credit Line and Issue any Monies needed.
Receive your Card and Cheques within 10 business days.
Fine Print: Maximum 65% LTV for EquityLine Visa, maximum 80% LTV for EquityLine Visa and 1st mortgage combined. Rates are subject to change at any time. Each mortgage application is subject to approval based on its merits in accordance with Home Trust’s policies and guidelines. One time processing of 2.99%, charged to the card.
® Registered trademark of Home Trust Company. * Visa Int./Home Trust Company, Licensed user of mark. The rate used to calculate the GDS and TDS ratios for all mortgages will be the greater of the contractual mortgage rate or EquityLine Visa rate (offer rate) plus 2% or the five-year benchmark rate published weekly by the Bank of Canada. Non-conventional mortgage applicants must also qualify for mortgage insurance and are responsible for the insurance premiums.