Line of Credit Home Loans

What to look for...
• Ability to make extra repayments at any time without restriction

• Easy access to the funds in the account via cheque book, ATM or online banking

• Most are interest only loans; however, you can make extra repayments

• Competitive interest rate with low ongoing and get in fees

• The ability to allow interest to capitalise to the limit amount without making a payment

• Fully flexible with the ability to make extra extra

  repayments and interest only payments
• Ability to capitalise the interest without making a

   payment only when the loan limit has reached
• Overall cost of loan is less than those with a offset

   facility

• Generally has a higher interest rate than standard loans

• Undisciplined borrowers may never reduce the     

   principle amount off the loan