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 ATM 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, every step of the way. If you wish to have a Line of Credit that isn’t secured against your property, check out our Personal Line of Credit.