04-04-2009, 08:59 AM
For all you Canadians:
Scotia Bank's HELOC is Prime (2.5) +1, 5 year variable: Got a nice 350k to reinvest into US property/stocks. They base it off equity and tenancy/property income, which is a bit different than they initially implied but still works. Thier Fixed is currently 5.15, or was 2 weeks ago.
Over in BC we haven't seen the staggering house prices drop, but that's more because of the 2010 bubble that's keeping us at the top end with relitevely little drop (I was appraised at only a ~10% drop since i refied in 07).
Scotia Bank's HELOC is Prime (2.5) +1, 5 year variable: Got a nice 350k to reinvest into US property/stocks. They base it off equity and tenancy/property income, which is a bit different than they initially implied but still works. Thier Fixed is currently 5.15, or was 2 weeks ago.
Over in BC we haven't seen the staggering house prices drop, but that's more because of the 2010 bubble that's keeping us at the top end with relitevely little drop (I was appraised at only a ~10% drop since i refied in 07).