房屋净值(抵押)信用额度
Home Equity Line of Credit （HELOC）
kolapepe : 因为很多人未必想卖掉房子，所以这个时候银行可以帮你做个Home Equity Line of Credit （HELOC）,正常的情况下如果你是free and clear的房子你需要把房子抵押给银行，也就是title transfer给银行，这时候需要做一个in-house registration，也就是银行用自己的律师来帮你做这个法律文件这个收费是$495，如果你需要的的信贷额度和银行有差距（比如说你觉得你的房子值100万，那理论上银行最多能够借给你65%，但是银行觉得未必值这个价钱，这个时候就需要做Appraisal，来验证这个房子的价值，这个费用是$300，因为银行想做你的生意所以这2个费用在大多数情况下是能够免除或是rebate的。
Lines of credit fee puzzle
Here are the sorts of costs associated with a line of credit secured by your home. The Financial Consumer Agency of Canada, a federal consumer watchdog, has a list on its website.
1. Administration: This covers the costs of preparing the paper work to open a line of credit and can cost from $150 to $250. Many banks waive this fee.
2. Legal: You can use the bank’s in-house legal service or your own lawyer to register the loan against your property. It’s necessary because the loan is a legal contract with your property as security. This can cost from $500 to $1,500.
3. Appraisal: Banks want a professional assessment of your home’s value so they can offer the appropriate size of line of credit. Cost $150- $250.
4. Title search: This guarantees there’s no lien on the property and protects homeowners from fraud associated with the title. Cost $200-$500
5. Inactivity fees: The FCAC warns that you may incur maintenance, transaction and inactivity fees which vary with each financial institution.
6.
Discharge fees: Some banks may charge a discharge fee. The
CIBC just informed its customers that as of April 1,
it will charge a $260 discharge fee for anyone closing a line of credit.
