CMLS’s Home Line is a flexible borrowing product that allows you to leverage your home equity to access additional funds. Whether for investment, renovation, debt consolidation, or unplanned expenses, you have a new option to achieve your long-term goals. With CMLS’s Home Line, it is available when you need it.
With a simple application you can access all the benefits and flexibility that come with CMLS Financial’s Home Line. Since you can borrow up to 80% of the value of your home, there are plenty of options you can use your approved borrowing limit towards, all while maintaining your current CMLS mortgage.
CMLS Home Line is a Line of Credit that allows you to make withdrawals as you need it. Repay as much as you want or as little as the interest on the amount you use. The Line of Credit can be readvanced giving you access to the funds you have repaid.
Invest in Property
Use your home’s equity to fund a vacation home.
Renovation
Tap into existing equity to increase your home’s value.
Consolidate Debt
Consolidate or restructure debt at a lower interest rate.
For Education
Whether for you or your children.
Plan Retirement
Invest in yourself and your future plans.
Start a Business
Channel the equity into starting up a new enterprise.
Contact us to connect with one of our mortgage specialist and start your Home Line application today!
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