Line of Credit Home Loan
A line of credit has an approved limit of borrowings that you can use a piece-at-a-time or all at once. This loan is ideal if you wanted to unlock some equity in your property which gives you the flexibilty to use the funds when you wish.
You have immediate access to available funds via card access which can be ideal for property investors who wish to use their line of credit as a deposit or if you wish to conduct minor renovations to your property.
Whilst a line of credit is very convenient it must be used wisely. Line of Credit loans are usually higher than your variable rate home loans, so check with your local mortgage broker to ensure this product suits your requirements.
Your Home Your Mortgage:
A Home Buyers Guide
Your Mortgage Your Options:
A Home Owners Guide To Refinancing
From the moment you turn the key in the lock and take those first few steps through your new front door, the feeling of owning your own home is second to none.
Your Home Your Mortgage aims to arm home buyers and investors with essential know-how and proven techniques to ensure you avoid the common pitfalls of financing a property.
There’s no question the current mortgage environment is one of the most competitive in our nation’s history.
Refinancing provides Australians with a platform to get a better deal on their current mortgage, many of which may have been locked in some years ago at interest rates well above what’s on offer in today’s competitive market.