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Heloc (Hybrid) Mortgage (Home Equity Line of Credit)
Our Heloc Mortgage (Home Equity Line of Credit) is the next generation of mortgage. Within your Heloc Option you can hold fixed mortgage terms, variable rate terms and lines of credit, all at the same time! Some of our more popular Heloc mortgage products are Scotiabank's STEP mortgage, National Bank's All-in-one mortgage and the Firstline Matrix mortgage.
Want to borrow some money to invest, buy a car, send the kids to school? Separate them all for ease of accounting. Can't decide between long or short term, do both! The Heloc Mortgage is not just a mortgage, it's a valuable tool in your overall financial plan. Let a mortgage broker from Verico Mortgage Options Ltd. assist you in setting up a Heloc mortgage for you!
The Hybrid mortgage you see advertised on our mortgage rates page is a Heloc mortgage. This mortgage product is split between a 5 year fixed mortgage and a 5 year variable rate mortgage, and the mortgage rate our mortgage brokers are offering is an average of the two. Obviously as the variable rate mortgage changes so will your mortgage rate however not as quickly as it would if you were 100% variable. Call one of our mortgage brokers today to discuss this mortgage option to see if it may be right for you!
Mortgage Brokers
Call one of our Mortgage Brokers today, or apply online for a Free Pre-Approval today.
