Home Equity Line of Credit
Planning for home improvements, a vacation, college tuition or a major expense?
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Questions? Ask away.
Ready to Apply?
Contact your Barrie-Simcoe Community Credit Union lending specialist today to learn more about our home equity loan products!
Home Improvements
- Renovations and repairs
Major Expenses
- College tuition & education costs
- Investment property or land
- Vacation
Debt Consolidation
- Pay off high-interest loan and credit card balances
We’ll Pay the Closing Costs!
We want to help you put the equity in your home to work for you. That’s why Barrie-Simcoe Community Credit Union will pay closing costs on lines up to $250,000!*
*Total closing costs generally range from $0 – $7500. Examples of closing costs paid by the bank are fees for a credit report, flood determination, title insurance and other costs. Bank paid closing costs will include up to $200.00 toward appraisal fees. Customer is responsible for paying any additional appraisal fees over that amount. Line must be funded by 50% or $10,000 at closing, whichever is greater. Barrie-Simcoe Community Credit Union will waive reimbursement of closing costs as long as your account is open for at least 2 years. Offer is available for primary residences only. Manufactured Homes/Mobile Homes are not eligible for a home equity line of credit. Property insurance is required, and if applicable, flood insurance will be required. All loans subject to credit approval. Other restrictions may apply. Barrie-Simcoe Community Credit Union
Looking for an Alternative to a HELOC?
For some homeowners, a Home Equity Line of Credit is just what is needed to provide extra cash when it is needed the most. Another option to consider is to refinance your current mortgage.