Citibank Mortgage Power - Line of Credit

Main Features and Fees...

Company
Interest Rate	Enquire Here - Rate discounts apply for different loan amounts
Products Available	Equity Line of Credit
Offset Account	NA
Redraw Facility	Yes free redraws at any time - 15 free per month then $2
Extra Repayments	Yes any time with out penalty
Lump Sum Repayments	Yes any time with out penalty
Product Change	Yes, $300 fee applies or no fee if with Mortgage Plus Package
Portability	Yes for a fee
Construction	Yes
Split Loan Facility	Yes up to 4 accounts.
Principle and Interest Payments	No
Interest Only Payments	Yes
FEES
Upfront Fees	$649
Ongoing Fees	$12 monthly
Early Exit Fees	< 12 Months - $1500, 12 to 24 months - $1,200, 24 to 36 months - $1,000
Discharge of Mortgage Fees	None supplied

Notes

For clients who want to "tap into the equity" of their property to create wealth through acquisition of investments. One of the few lines of credit available in the market exclusively for "wealth creation". Citibank Revolving Mortgage customers:

Would usually intend to use the funds for investment purposes.

Are likely to be refinancing a previous mortgage to leverage for future investment opportunities.

Are looking for the flexibility to pay down their mortgage and draw it back at a later stage.

Back to Citibank Home Loans

Need Help Finding the Right Home Loan...

- Have all your mortgage questions answered

- Find out if you will qualify for a loan and how much you can borrow

- Compare similar line of credit home loans from a wide variety of lenders

- Calculate mortgage repayments and many more calculations by using our mortgage calculators

- Get a loan specific to your lending needs

Simply click the link below or call 1300 726 136 to have all your mortgage questions answered

Citibank Mortgage Power - Line of Credit

Home Loans

Today's Interest Rates

Mortgage Quotes

Mortgage Calculators

Investment Loans

Low Doc Loans

Commercial Loans

Mortgage Articles

Home - Smart Search Finance

Mortgage Brokers Australia