Line of Credit Loans

A Line of Credit mortgage or loan allows you access to the money in your mortgage account at any time to pay for whatever you need. You pay a monthly percentage mortgage payment based on the money you keep in your account.

An example of this is if you have a $300,000 line of credit mortgage but have $20,000 in your account, you will only be charged interest on $280,000 for your monthly mortgage repayment, even though your “loan balance” is $300,000. If you spend $10,000 then you would be charged interest on $290,000 for your monthly mortgage repayment.

If you already have a property and a Line of Credit Mortgage, you can use any equity that you may have built up as a deposit for your investment property.

And if you need to find finance for other projects, run it past us first –
we don’t just do home loans!

We can offer years of experience – give James a call at Select Home Loans, and he can start reviewing your finance options today.

Whether you need help with:

• Refinancing
• Debt Consolidation
• Plant & Equipment Finance – everything from cars to helicopters
• Debt Consolidation Finance –
• Mortgage Finance
• Vehicle Leases
• Bridging Finance
• Credit Impaired/Self Employed without financials

Just give us a call:

“My business has been solely built on word of mouth referrals …..”