It is now possible to obtain a mortgage credit line at very competitive interest rates without changing you current loan, i.e. without any penalties. Effectively, if you have the necessary equity to register a line of credit for at least $50,000, you can access a mortgage credit line for free. How do I calculate the required equity? Take a look at the example below: The market value of the property is $400,000. Your mortgage balance is $100,000. Calculate 80% of the property’s $400,000 market value, i.e. $320,000. $320,000 – $100,000 = $220,000 = the equity available to register a free mortgage line of credit with a competitive interest rate. If you are interested by a mortgage line of credit or if you know someone who might need a mortgage line of credit, I would be happy to help them to do the math needed to access this mortgage product. Just contact me by phone, email or online.