Total Access Home Equity

A convenient, flexible way to get more from your home’s equity

Welcome to the mortgage that is so much more. Total Access Home Equity™ is a convenient and flexible way to manage all of your credit needs under one mortgage product, putting the equity in your home to work for you.

• It’s convenient. 
• It’s flexible. 
• It saves you money.

How it works

Total Access Home Equity™ is a collateral mortgage that establishes an initial credit limit up to 80% of your home’s current value. With one approval, you can access this credit through multiple borrowing products, including mortgage loans, lines of credit, and overdrafts.

Features and Benefits:

  • Apply once to access up to 80% of your home’s current value*.
  • Access the equity in your home any time, for any reason.
  • Customize your mortgage into fixed and variable rate solutions or between short and long-term solutions.
  • Choose how flexible you want your payments to be. Set your own repayment options, amounts and schedules to suit you.
  • Save interest charges by consolidating your existing debt under one product.
  • Funds are easily accessible from lines of credit through online banking, ATMs, debit card, your credit union branch, or by cheque.
*In the future should you wish to request a change to the credit limits amongst your products, you may be asked to provide updated information and/or submit a new application depending on your current circumstances.

Do you qualify?

If you have at least 20% equity in your home or 20% down for a new home purchase, this may be the right mortgage solution for you.

Until August 31st, on approved credit, accessing a mortgage with East Coast Credit Union means you can also be approved for a $5,000 line of credit*, $500 overdraft*, and a year of waived banking fees!

*Terms and conditions apply. Offer subject to change without notice.

How to apply

Talk to us today about how Total Access Home Equity™ could help you get the most from the equity in your home. You can apply by booking an appoitnment with one of our mortgage specialists using one of the contact points below.

Frequently Asked Questions

What is the difference between a Home Equity Line of Credit and Total Access Home Equity™? Expand/Collapse

The two are similar but Total Access Home Equity™ gives you added flexibility by establishing a credit limit and allowing access to funds through multiple borrowing options under one product.

What is the difference between a traditional mortgage and a collateral mortgage? Expand/Collapse

The Total Access Home Equity™ mortgage is re-advanceable, allowing members to access the equity in their home at any time. A traditional mortgage requires members to enter into a new mortgage in order to borrow more money.

How much equity would I have access to? Expand/Collapse

As long as you have 20% equity in your home, you can borrow up to 80% of your home’s current value.

When can I access my equity? Expand/Collapse

You can use the equity in your home for any reason, at any time. You can access funds through your line of credit portion of the Total Access Home Equity™, anytime using online banking, ATMs, debit card, your credit union branch or by cheque.

Are there any additional legal fees? Expand/Collapse

No. Future financing options under the established credit limit can be advanced under Total Access Home Equity™ without the legal cost of registering another mortgage.

What are my payment options? Expand/Collapse

You can determine your payment options by selecting amounts and schedules that best suit your needs. This product is tailored to you, not the other way around.

Is Total Access Home Equity™ transferrable? Expand/Collapse

All lending secured by Total Access Home Equity™ (mortgage loans, lines of credit, overdrafts) must be paid out before the mortgage can be discharged. It is important to note that some lenders may not accept the transfer of a collateral mortgage like Total Access Home Equity™.


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