Home Equity Loan

Unlock the value of your home

Our Special Offer

We are making it even easier for you to access the value you have built in your home. Take advantage of:

  • ✓ Reduced interest rates
  • ✓ A lowered share requirement of just 2.5%
  • ✓ Waived valuation and surveyors’ report*

*Conditions apply

The Home Equity Loan allows homeowners to tap into the equity they’ve built in their property by using it as collateral. Whether you’re looking to renovate, consolidate debt, or finance a major purchase, this loan offers the flexibility and competitive rates to help you achieve your financial goals. With the security of your home behind you, it’s an easy way to access the funds you need.

Maximum Loan Amount

As per equity and purpose provided.

Maximum Loan Terms

30 Years

Share Requirement

Min. 5% of Loan Amount

Conditions

  • If Infiniti is the first mortgagee on the property, 95% LTV is applicable.
  • The loan maturity shall not extend beyond the member’s 65th birthday. Special conditions may be given if the member owns and operates their own business.
  • The Credit Union will lend a maximum of 95% of the Market Value.
  • Full peril insurance coverage for the first year and to be maintained annually for the life of the loan.
  • For joint ownership the co-owner must sign a guarantor form and all relevant agreements.

Minimum Requirements

Documents

  • Loan status letter from first mortgagee (if applicable)
  • Copy of duplicate Certificate of Title
  • Surveyor’s ID Report not older than one (1) year
  • Valuation Report not older than two (2) years from an Infiniti-approved appraiser.
  • Proof of paid-up property taxes, water rates and/or maintenance charges for Strata Corporations

Where the purpose of the loan is for Building purposes, the following are required:

  • Bill of Quantities prepared by a Quantity Surveyor (stamped & signed).
  • Approval for the building plan from the Municipal Council (where applicable)
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