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21 January 2012

What is a Re-advanceable Home Equity Line of Credit?

Many people know what a home equity line of credit (HELOC) is; a secured line of credit that borrows against your home equity and allows you to take out as much as you need, whenever you need it. But in addition to these standard HELOCs, there are also other types of these loans that are…

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12 January 2012
ING Direct Offers Canadians a New Kind of HELOC

ING Direct surprised everyone in early December when they started offering collateral mortgages – and only collateral mortgages. But it seems, that wasn’t the only move the lender had on the agenda in order to get their already popular product out to even more Canadians. Now, the lender that “saves you money,” is going to…

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