Mortgage Blog
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Unlock Your Home’s Potential: What You Need to Know About MeritLine
October 11, 2025 | Posted by: Assured Mortgages
If you’ve built up equity in your home and want a smarter, more flexible way to borrow — it might be time to look at the MeritLine. At Assured, we keep our eyes on every lender move, and this one stands out.
It’s not just a loan. It’s a revolving line of credit, secured by your home, that gives you access to funds on your terms.
What is the MeritLine?
Think of it like a credit card — but with better rates and bigger potential. The MeritLine is a Home Equity Line of Credit (HELOC) that lets you borrow against the equity you’ve built in your owner-occupied home.
- Borrow, repay, and borrow again — no reapplying
- Only pay interest on what you actually use
- Access funds anytime: online, mobile, or in-branch
- No annual fees or hidden costs
Why We Recommend It
This is a strong option for homeowners who want control and clarity. Here’s why it works:
- Competitive interest rates
- Interest-only payments keep monthly costs low
- Borrow up to 75% of your home’s value (minus what you owe)
- No surprises — no annual fees, no sneaky terms
- Qualified at contract rate, not a higher stress test
Who is Eligible?
- A-level clients (strong credit, steady income)
- Debt ratios under 39/44
- Owner-occupied properties only
- Minimum 25% home equity
When It Makes Sense
- You’re planning renovations or investing
- You want a financial buffer for future flexibility
- You need access to funds without refinancing
- Pay off high interest loans or debts (such as credit card, line of credit or car loans
Let's See if it's a Fit
At Assured, we’re here to help you borrow smarter, not just more. If this sounds like a fit, let’s walk through your numbers and see how this could work for you.
Talk to the Assured Team today
No pressure. Just clear answers and real guidance.
