Home Equity Line of Credit
The lowest cost form of borrowing you have available can be accessed through a MeritLine, Libro’s home equity line of credit.
If you are a home owner, you are eligible to borrow up to 65% of your home's equity - or use that equity as collateral. Wondering what your home equity value is? You can find out by following this formula:
Your home’s market value less what you owe on the home (your mortgage amount).