Tagged with: cmhc, home, home equity, mortgage, mortgage rules, realtor, sutton, sutton group, sutton group realty, real estate, money, cash
Today were here to talk about home equity lines of credit and the new CMHC changes announced earlier this week. A home equity credit is a credit line, think of something similar to your credit card, but secured to your property. What this means is that you can borrow a very large sum of money because your property itself is worth hundreds and thousands of dollars. You could borrow this money at a very cheap rate similar to mortgage rates. Compared to your credit card, which might be 20% or even higher, this seems like a fantastic deal. Read more: www.suttonmember.com
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Tags: Credit, Equity Line, Home Equity, Home Equity Line
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