Line of credit – Unlock the equity in your home
We’re all very used to using credit cards, these days, but they’re not always the best option. If you have some equity in your home, a line of credit home loan may be your best bet.
You can use a line of credit to pay for virtually anything – from renovations to holidays, investments to new cars. Instead of paying with a credit card, you either use a debit card that’s linked to your line of credit home loan account, or you pay direct from your account with online banking.
Each time you spend using your line of credit, your loan amount increases. But unlike a credit card, you don’t get hit with big interest charges. You pay low home loan interest rates, so it doesn’t get out of hand.
In other words, it’s like having a credit card with a big limit, but it costs less, because your home acts as security.
Call today to discuss a line of credit home loan
Fill in our contact form or call 1300 258 229 to discuss a line of credit home loan. One of our friendly staff will walk you through your options, explain the process, and show you how much more manageable your finances will be. Or you can apply through one of our accredited mortgage brokers.