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What's a Secured Line of Credit?

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A Secured Line of Credit is a revolving source of funds, up to an approved amount, that you can access when you need them. Also referred to as a Home Equity Line of Credit, the funds in this account are secured against your property. Any amount you repay is accessible to you again without reapplying. A line of credit lets you write cheques and make bank machine withdrawals, and you only pay interest on the funds you use. A dedicated Mortgage Specialist will be assigned to discuss your application and will be there to assist you with any questions you may have, every step of the way. If you wish to have a line of credit that isn’t secured against your property, look into our Personal Line of Credit. 

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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