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What’s the difference between a mortgage and a home equity line of credit? 

A mortgage, whether fixed, variable or made-to-measure, allows you to borrow the amount you need to buy your home, which then acts as the collateral for the loan. You repay the loan in instalments and pay interest.

The All‑In‑OneTM Home Equity line of credit allows you to finance the purchase of your home and access the money you need for other projects without having to reapply for additional credit.

Are you making a down payment of at least 20%? Opt for the made-to-measure mortgage, a flexible financing option that divides your loan into a mortgage portion and a line of credit portion.  

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TM The All-In-One Line of Credit is a registered trademark of National Bank.

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