Advisor’s Choice Secured Line of Credit

A revolving line of credit that’s secured by the equity in your client’s home is a more flexible long term solution when it comes to meeting a variety of ongoing financial needs. And when you combine this flexibility with all of the benefits that are part of our suite of banking products and services, there’s only one choice to make: Advisor’s Choice.

Highlights:

• An interest rate as low as Prime¹
• A credit limit of up to 75% of the appraised or purchase value of the home, whichever is less²
• Interest-only minimum monthly payments
• First set of 50 cheques free
• Unlimited chequing privileges
• Unlimited Interac® direct payments
• Unlimited online and telebanking transfers and bill payments
• Advisors receive monthly commissions on average outstanding debit balances

Getting started is easy: take a look at our sample application and workflows to see for yourself. Should you have clients with smaller funding needs, we have the right financial solution for them as well: our Advisor’s Choice unsecured line of credit.

¹ The Prime rate is Laurentian Bank of Canada Prime rate, which may fluctuate from time to time. All rates are subject to change without prior notice.

² The maximum loan-to-value ratio is dependent on the rank and amount of the mortgage. In some cases, the credit limit is capped at 70% or 65% of the value of the home. The minimum secured line of credit amount is $40,000; the maximum is $200,000 subject to B2B Trust credit approval.
® Trademark of Interac Inc.