If you’re like most people, the mortgage on your home is your largest single investment and your most valuable asset. It should be working for you while you’re building equity.
A re-advanceable mortgage is the most flexible and convenient way to make that happen, allowing the equity in your home to save you thousands of dollars. You can use your equity to renovate your home, purchase another property, pay for your child’s education, purchase other assets, or even to save money by consolidating high-interest debt.
Unlocking the equity in your home with a CreditMaster® mortgage gives you access to a number of borrowing options best suited to your specific needs. Essentially, this is the last mortgage you will ever need!
As the equity in your home increases, future loans can be made under the CreditMaster® mortgage without the need (or legal cost!) of registering another mortgage.
All advances are based on your home’s current appraised value, and an unlimited number of loans, including lines of credit, can be created under one mortgage. This provides the options that really matter to you – options that adapt to your family’s changing financial needs.
Some other important things to know about the CreditMaster® re-advanceable mortgage:
The CreditMaster® Mortgage offers maximum convenience from the start – plus more power to pursue your dreams as you build equity.
It’s hard to imagine that you can be a responsible borrower at the same time that y0u are borrowing against your equity. But when you put your home to work for you, the equity becomes the leverage you need to maximize your financial position.
Are you looking to get the most from your mortgage? You’re not alone. CreditMaster® is a different kind of mortgage. Flexible and re-advanceable, it builds your borrowing power as you pay down your mortgage and property values increase. In other words, the money you put into your mortgage today is money you can still use tomorrow. Stuck choosing between a fixed and variable rate mortgage? With CreditMaster®, you can attach multiple loan agreements to your mortgage. Pay less while doing more. That’s CreditMaster®.