The Home Equity
WHAT IS IT?
Qualify for up to $500,000 Home Credit Line
The Only Credit Line that Accepts 100% of Realtor's Commission Income for Approval
No Personal Tax Information or Financial Statements Required to Qualify
Only Credit Line that can be Registered on a Residential Rental Property
100% of Rental Income Used for Approval
Funds are quickly accessed through a convenient VISA Card.
The Realtor® Home Equity Credit Line can be used for:
Down Payment to Purchase Additional Properties
Debt Consolidation and Pay Off Private Mortgages
Expand Your Business and Marketing Campaign
Renovate Homes or Rental Properties
FEES & RATES:
1% Cash Back on all Purchases.
21-Day Interest Free Period
No Upfront Fees, No Annual Fee, No Monthly Fee
Interest Paid Only on Credit Used
Credit Line Rates from 4.99% to 9.99%
Credit Line Rates are FIXED. Do not fluctuate.
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
GROW YOUR PORTFOLIO
"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 they have already made me over $100,000.
When the Condos are done in 2 years I will have made even more."
Atticus Servinis, Toronto ON
BYE BYE PRIVATE MORTGAGE,
HELLO CREDIT LINE!
"I didn't qualify for a HELOC, so I had to get a 2nd Private Mortgage for $250,000 at 12% to close on a Condo I purchased.
I got the Realtor ELV at 5.99% to pay off the Private Mortgage - saved $15,000 a year in interest, plus I now have a Credit Line I can pay off anytime I want.
Colin Kuzyk, Vancouver BC
MARTINIS BY THE POOL
"My kids are teens now, so we really wanted to renovate our basement to add more living space. The Bank said 'no' to a HELOC. The penalty to break my 1st Mortgage would have cost thousands, and my new interest rate would be higher. I was approved for $250,000 with the Realtor ELV - we're doing the basement and adding a pool!"
Tina Harris, Oakville ON
MARKETING THAT WORKS
"I wanted to expand my business. I used the Realtor ELV to invest in an aggressive Marketing Campaign. Now I have two Billboards advertising my Brokerage, and they have already paid for themselves with the all the new business they brought me. "
Alexandra Abrams , Markham ON
What Documents Do I Need to APPLY?
Realtor E.L.V Application
Copy of I.D
2017 /2018 / 2019 Year-to-date Commission Statements
Letter from Your Brokerage
Subject Property - Mortgage Statements / Property Tax Bill
THE 3 STEP PROCESS
Submit Your Documents
Fill out the Application and send in your paperwork.
Accept the Terms
We'll indicate how much you qualify for and at what rate.
If you like it, we order an appraisal.
Sign & Get Your Card
Sign with a lawyer. You can use your lawyer or we can send one to your home or office!
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.