Home equity line of credit
If your Florida residence is paid in full and you have a project in mind, the Desjardins Bank home equity line of credit gives you access to financial leverage that can go as high as 70% of your home to carry it out.
Key features
- Amount available: up to 70% of your current home’s value
- 2 amortization options:
- Option 1:
- Draw period: 5 years (interest-only payments)
- Repayment period: 25 years (principal and interest payments, rate renewable annually)
- Option 2:
- Draw period: 10 years (interest-only payments)
- Repayment period: 20 years (principal and interest payments, rate renewable annually)
- Option 1:
Customer service
- Call 1-800-454-5058 (toll-free)
- Contact a Desjardins Bank branch