Keep money for emergencies / investments / opportunities

Keep credit line open for EIO

It takes a long time to save cash, why start over

Remortgaging the balance over 25 years on average will cost substantially more

Don’t get hung up on rates, small amounts borrowed will not cost that much

Credit lines are generally secured by home – limiting your borrowing power

People pay out credit lines mainly by including them in mortgage, so why increase it and pay more interest over an average 25 year amortization

Pay off your mortgage sooner by not including this purchase

Banks are making enough interest on a long-term mortgage, isn’t it time you start to save some of that?

By having a short term loan with an early payout option, with no charges, gives you more control of your money and buying power