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Real Estate Investing.
WHAT IS IT?
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The R.E.L.O.C is designed for Real Estate Investors that want to use the equity in an existing property to finance their next purchase/investment.
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Qualify for up to $500,000 Credit Limit & up to 80% Loan to Value.
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Up to 10 PROPERTIES PERMITTED*
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The Only Equity Credit Line that can be Registered against an Income Property.
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100% of Rental Income Used for Approval
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No Personal Tax Information or Financial Statements Required for Approval
The R.E.L.O.C can also be used for:
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Down Payment to Purchase Additional Properties
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Debt Consolidation or Pay Off Private Mortgages
- Finance Renovations and New Construction Projects
PERKS:
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Earn 1% Cash Back on All Purchases
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21-Day Interest Free Period on Purchases
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Interest Payments only on Credit Used
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Auto Rental Insurance
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Purchase & Fraud Insurance
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In-Store, ATM & Online Account Access
FEES & RATES:
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No Upfront Fees, No Annual Fee, No Monthly Fee
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Rates from 4.99% to 9.99%
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Rates are FIXED and do not fluctuate like Home Equity Lines
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One Time Processing Fee of 2.99%
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Processing Fee & Closing Costs can be charged to Credit Line
FINE PRINT:
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Limited to Residential Rental Properties Only
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Residential Income Properties only. (Up to 4 Units)
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Can be Registered in 1st and 2nd Position at the Same Interest Rate
OUR SIMPLE 3 STEP PROCESS
1
Submit Your Documents
Submit the form above and hop on a call with one of our Brokers!
2
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.
3
Receive Funds
Meet with our Legal Team to Register the Credit Line and Issue any Monies needed.
Receive your Card and Cheques within 10 business days.