How Much Money Do I Get? The amount depends on your age, interest rate, and the appraised value of your home.
Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
Term – equal monthly payments for a fixed period and set amount of money for months selected.
Line of Credit – unscheduled payments or in installments, at times and in amounts of borrower’s choosing until the line of credit is exhausted. Money grows at the same rate as money used.
Modified Tenure – combination of line of credit with monthly set money amounts payments for as long as the borrower remains in the home.
Modified Term – combination of line of credit with monthly payments for a fixed period of months selected by the borrower.