A Flex-line mortgage is a home equity line of credit.

Flex-line mortgages are suitable for someone who has equity in their home and wants the flexibility of making payments as low (minimum is interest only) or as high as they want.

The amount that you can borrow is up to 65% of the appraised value of your home.

Flex-Line Home Equity Line of Credit

Type
Rate

First Mortgage

6.45%

Second Mortgage

7.45%