The best way to describe Line of Credit Loans is that they are like very Big Credit Cards that use your house as security.

Line of Credit Loans (LOC) can provide quick and easy access to funds using the equity in your home or residential investment property. They have a pre-approved credit limit very much like a credit card. You may use as much or little of the funds up to the credit limit. Line of Credit Loans (LOC) are very useful facilities, but can come with a high price tag. A combination of loans with a Line of Credit may provide a more rounded solution.

When considering LOC Loans consider the following:

• LOC Loans can attract higher Interest Rates and Fees.
• Most people require a structured type loan. The flexibility of a LOC may not be suitable.
• Would an LOC be effective as part of a complete Loan Package? Can the same result be achieved with a cheaper option?
• Line of Credit Loans are available for Fully Verified Incomes and Low Doc Loans.
  Borrow from $50,000.
• Have a Split Loan account with a minimum of $20,000
• Make purchases in over 200 countries and cash withdrawals with National and International ATMs.
• Reduce your daily balance and hence the interest paid by having all your salary credited to this account.
• Make automatic payments and direct debts such as health fund and insurance premiums.
• Have the option of Interest Only payments for 5 years from the date of settlement.
• Capitalise your interest payments with suitable lenders.
• Drawn funds for personal or investment purposes.