A
Line of Credit loan is a fully flexible loan that normally
allows clients to make maximum payments onto a loan
and make easy flexible withdrawals from the same loan.
It is an ideal structure for rapid mortgage reduction.
This loan gives a client a general limit to their loan
and allows them to deposit or withdraw funds as they
choose as long as they operate below their limit. It
allows much greater flexibility for the borrower but
needs to be structured carefully to ensure clients get
the maximum benefit from this type of loan.
A line
of credit facility to minimise loan interest. Salary
can be credited directly to the account. Features include
access to funds via cheque book, telephone or Internet
banking and Visa card, through ATM and EFTPOS terminals.
The Visa card operates as a separate account with a
specific limit allocated to the core account. There
is no interest charged on the Visa account, as on the
first day of each month any outstanding balance is swept
across to the core account.
We have access to over 700 loan products from Basic
Home Loans to Professional Packages.
Once
you have chosen which loan to go with, your assigned
and dedicated mortgage broker will then assist you through
the whole loan application to loan approval and settlement
process, plus, your broker will continue to be there
for you in the future when you need further finance,
property and loan related advice or assistance.
Contact
us today for a free consultation.
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