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Category: Home Equity

April 17, 2017

What is a Home Equity Line of Credit Draw Period?

A draw period is the period of time you can access funds available on a Home Equity Line of Credit. It can vary from bank to bank and even from product to product and is typically in a range of 10-25 years.

November 17, 2016

What is Loan to Value Ratio?

A question we are commonly asked by people looking to borrow with the ENB HomeLine is…what is Loan to Value Ratio? People notice the terminology in advertising disclosures and elsewhere, but often don’t know what it means. We explain in our latest blog.

October 06, 2016

Advantages of Opening a Home Equity Line of Credit with your Primary Bank

Do you feel like you are being bombarded with Home Equity advertisements from banks and credit unions you’ve never even heard of at every turn? While you may be tempted to apply for these offers, it may actually be more beneficial to consult with your banker where you have your banking relationship.

September 30, 2016

Is It Wise To Use a Home Equity Loan For General Living Expenses?

In our most recent online poll we asked, “Is it wise to use a home equity loan for general living expenses?” The majority of respondents said “no,” and we would agree. Using a home equity loan for general living expenses creates an opportunity for you to spend more than you earn.

July 22, 2016

Great Tips for Travelers

We all know that getting ready for vacation can be a stressful time. However, with a little preplanning you can have smooth sailing to your destination. We put together a list of our top travel tips and we hope they help to make your travel days less stressful.

Contact us and we’ll answer your questions.