WHAT IS IT?​

• 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.

• Qualify for up to $500,000 Credit Limit & up to 80% Loan to Value.

• Up to 10 PROPERTIES PERMITTED*

• The Only Equity Credit Line that can be Registered against an Income Property.

• 100% of Rental Income Used for Approval

• No Personal Tax Information or Financial Statements Required for Approval

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The R.E.L.O.C can also be used for:

• Down Payment to Purchase Additional Properties

• Debt Consolidation or Pay Off Private Mortgages

• Finance Renovations and New Construction Projects

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PERKS:

• 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

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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

 

FINE PRINT:​

• Limited to Residential Rental Properties Only

• Residential Income Properties only. (Up to 4 Units)

• Can be Registered in 1st and 2nd Position at the Same Interest Rate