Line Of Credit Loans
November 9, 2009 by geelong_finance_home_loans
Filed under Line Of Credit Loans
Successful Money Management – servicing the Geelong finance market for over 10 years.
Line of credit loans are a variable rate product with a predetermined limit. With most lenders, a line of credit investment loan or home loan will remain within the designated limit, there are no set repayments. It is usually recommended that you pay the interest amount each month as a minimum. A line of credit must be secured by residential property.
I am looking to see what we can borrow against our current property as we are wanting to buy an investment property. Can you please explain what the basic requirements are. regards Sue