| Line of Credit Home Loans |
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| Your all-in-one, easy to manage home loan |
| A line of credit home loan - also known as a revolving line of credit - is a home loan with a credit limit that allows you the flexibility to withdraw money up to your approved amount. It is like having a credit card where you have a maximum spending limit. This means that you have easy access to cash you can and tap into the equity in your property whenever you choose. |
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| Benefits of a line of credit: |
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Easy access to funds, in a variety of ways, at any time |
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Withdraw up to your credit limit without requesting approval from the bank |
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Higher credit limit amount than a credit card |
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Lower interest rate than credit cards |
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Debt consolidation possible by transferring other debts such as personal loans and car loans into your mortgage |
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Most lenders offer fully portable loans, which mean you can take your loan with you if you sell your property. |
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| The main advantage of a line of credit loan is that it can be used as a transaction account that can be used for your everyday transactions as well as for larger expenses such as holidays and renovations. |
| Why don't you let the experienced finance professional, Garry, assist you in deciding which loan best suits your financial needs - and see how much you can save! |
