Product:  Line Of Credit

Introduction

Borrowers access equity tied up in their homes or investment properties.

Key Features & Advantages

This product is similar to an overdraft.  By directing all sources of income to the account, the interest charged on the loan is minimised.

Considerations

Provide "ready cash" for any worthwhile purpose without the need to sell your home.

Suitable for

People are disciplined managers of the money.

Example of product

RAMS Home Loans' LOC Pro Pak

Yes Home Loans' Equity Access Standard