This mortgage is a revolving credit loan

Apply just once to establish your Home Plus Plan initial credit limit and secure your borrowing with a minimum 20% equity in your home

Borrow up to 80% of your home’s current appraised value and potentially save on borrowing costs for as long as you own your home

Manage repayment options by separating available credit into different sub-loans

Choose from a range of loan products to meet your needs

Upon request, all or a portion of repaid amounts may be re-advanced

Security must be first mortgage on owner occupied, primary residence

Interest only on the revolving credit loan – due monthly

No prepayment penalty on the revolving credit loan

Loan must remain in good standing for continuing credit

A variable rate will change when the prime rate changes. If rates go down, the interest rate payment will decrease. If you select a sub-loan at any time, the interest rate applicable to the sub-loan may be different.

All applicants must meet Conexus lending criteria for loan approval

Applicable terms will be disclosed at time of approval. The number of sub-loans permitted may be limited.

If part is set up as a sub-loan, the prepayment terms and conditions of that sub-loan will apply