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A line of credit is a flexible transactional mortgage that allows you to access your funds through a variety of methods including credit card, cheque or EFTPOS.
A line of credit is a great option for those wishing to access the equity in their existing home for investment or other purposes such as a holiday or buying a car.
These types of loans are also a great idea for renovators who are able to access their funds as they need them and in retail stores. |
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Lines of credit can also be great for debt minimisation. If you are responsible with your money you can have your salary directly deposited into the loan and use your credit card for day to day purchases. This card can then be swept to your line of credit before your interest free days expire.
An Auspak mortgage consultant can help identify which loan is right for you. Book an appointment