LINE OF CREDIT

LINE OF CREDIT from Peter Dunn Finance

By: Peter Dunn Finance  24-Mar-2016
Keywords: Financial, Property, Mortgage

This type of loan is an interest only variable rate home loan based around the equity you have in your property.

A limit is established based upon the value of your property and you are then able to use the Line of Credit facility (much as you would a Credit Card) up to the approved limit.

Advantages:
– ability to draw on funds up to the pre-determined credit limit
– attractive option for investors to access money easily
– flexibility to make additional repayments when you choose

Disadvantages:
– generally attracts a higher rate of interest than Standard Variable rate as interest rates increase, interest payments are capitalised at the increased rate.

For more information visit my website: http://www.peterdunnfinance.com/
Or call us today on: 0427 947 480

Keywords: Bank Mortgages, Finance, Financial, Financial Assistance, Financial Service, Home Loan Calculator, House, Investment Loans, Investor Managed Funds, Loan Calculators, Mortgage, Property, Property Loans

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Contact details

Canning Vale
Canning Vale, WA, 6155,

Main: 0427 947 480