Equity Line Visa

The Equity Line Visa is the best of both worlds providing the convenience of a Visa credit card at the rate of a line of credit. Use the equity in your real estate holdings, or guaranteed investments to secure a higher credit limit, at a lower interest rate. With a Equity Line Visa, you apply once and you never have to apply again. As long as your account is in good standing, you’ll always have credit available to you, up to your credit limit.

Flexibility

• Use the equity in your home to secure a credit limit of up to $250,0001.
• Use only what you need, when you need it, up to your available credit limit.
• Use it for consolidating higher-interest debt, making home improvements, helping with business start-up or operating costs, or even for managing unexpected or everyday purchases – it’s entirely up to you.
• Monthly payments as low as 0.75%, 1%, 1.25% or 1.5% of your outstanding balance or $10, whichever is greater 2.
• Make additional payments at any time without penalty.

Saves You Money

• Competitive interest rates of 4.99%, 5.99%, 6.99%, 7.99%, 8.99%, 9.99%, 10.99%, 11.99%, 13.99%,14.99% or 15.99%2. The annual credit rate in Quebec is 9.99%, 10.99%, 11.99% or 13.99%.
• You only pay the interest on the credit you have used.
• Replace high interest bills with one lower monthly payment.
• No annual fees in all provinces except Quebec.
• In all provinces except Quebec, a one-time account set-up fee of up to 3% of the approved credit limit will be charged to your Visa account.
• In all provinces except Quebec, a legal fee of approximately $350 to $780 (varies by province) and a title search fee of $35 will be charged to your Visa account3.
• In Quebec, a $100 annual membership fee and a $700 collateral security fee will apply. Fees may vary if the application includes a first mortgage with Home Trust or if a notary is appointed to act behalf of the applicant.

Convenience

• Apply only once – and it is set up to use when you need it.
• Access your credit by writing a convenience cheque, using any ATM with a Visa logo, or using your Visa card.
• Accepted in approximately 600,000 locations across Canada, in more than 150 countries with access to more than 950,000 Automated Teller Machines worldwide.

Gold Visa Benefits

• Auto Rental Collision/Loss Damage Insurance:4 Save money by being able to waive the coverage offered by the car rental company!
• Emergency card and cash replacement: If you need an emergency cash advance or replacement card, 24 hours a day 7 days a week from anywhere in the world.
• Guaranteed hotel reservations: When you charge hotel reservations to your Home Trust Equityline Visa card, be sure to request a “guaranteed reservation. That way, your room will be held, even if you arrive later than expected.
• Health and Legal Assistance Services:5 Whether traveling or at home, you have a source to turn to when you need medical or legal information on a wide range of topics.
Access 24 hours a day, 365 days a year to Assistance Coordinators who can refer you to health and legal experts.