HomePlan Plus

Your Home, Your Plan – a better way to borrow at a preferred rate, using the equity you have built up in your home.

This may be the right product for you if you are:

  • A Homeowner with at least 20% equity in your home
  • Have multiple credit needs (two or more of our usual loan products of any type), either now or in the future
  • Looking for choice and flexibility, while keeping control of your debt
  • Looking for preferred interest rates and minimizing future fees and setup costs.

HomePlan Plus is a mortgage product that has an "umbrella" credit limit of up to 80%, which can be advanced on a revolving credit basis. The different loans can be structured to manage credit wisely, to support your lifestyle and to help you meet your financial goals.

Why it’s called a Home Plan Plus:

  • Make the most of your home by using the equity that you have built up to save you money. Because it’s secured by your home, you get a preferred rate of interest on all of the borrowing products under the HomePlan +.
  • Borrow up to 80% of the equity you have built in your home
  • Split into as many sections as you like to meet all of your different borrowing needs
  • Choose  any combination of our borrowing products that you want, such as mortgage(s), loans (ie. vehicle), authorized overdrafts or lines of credit
  • Advances at any time, for whatever you want
  • Apply just once to establish your overall limit. Plus, you only pay the registration and legal fees once too\
  • Even if you just use it for your mortgage, you could choose to manage your interest rate risk by splitting your mortgage into two or three different types of terms. This is similar to "laddering" GICs to get the best long-term rates without locking in the whole mortgage for a long term. Plus, the equity you build is there if you do decide to use it anytime in the future.
  • Get a Free Unlimited Chequing Account: the Home Free account

Visit your local branch for details on the HomePlan Plus and the Home Free account.