Location: /Finance Mortgages & Loans/Home and Investment Loans/Lines of Credit

Allow for the easy access to available credit you can make your money work smarter. Generally used by people who want to use the excess equity in their home to creat wealth by investing in property shares and managed funds.

As an interest only facility you only pay interest on the balance of your loan. Once your salary or other income is credited to the Line of Credit the balance reduces and so does the amount of interest that you have to pay.

You are in control of your money you can with draw funds up to the agreed limit whenever you need them. Banks generally require that the interest componant, fees and charges are met monthly.