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What is a Secured Line of Credit?
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A Secured Line of Credit is a revolving source of funds that's secured by the equity in your home, up to an approved amount. You can access your available credit anytime without reapplying. You can also make interest-only payments each month.
- How to apply for a Line of Credit or how to increase limit on Line of Credit?
- Where can I get information on the types of security for real-estate secured loans and lines of credit (standard or collateral charges)?
- Is there a limit on how much I can pay back on my line of credit?
- What are the costs for getting a line of credit?
- How is interest calculated on my line of credit?
- What's a co-borrower on a loan or a line of credit?
- What is the difference between a personal loan and personal line of credit?
- What information do I provide when applying for a loan or line of credit?
- How do I access a Simplii Financial Line of Credit?
- Do my withdrawals from a TFSA affect taxes payable or income-tested benefits, such as the Canada Child Tax Credit or Old Age Security?
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