Home Loans with Accessible Line Of Credit
With this type of loan, you can access funds up to your approved limit at any time. Your salary can be paid directly into the loan account and you can access the balance of the loan at any time - like a credit card. You can use these funds to purchase shares, go on holiday, buy a new car, start home renovations or so much more!
This type of loan is not suitable for many people, therefore we suggest you should check with us to ensure this is the most suitable loan type before you proceed with this loan.
Advantages
- Money is easily accessed by cheque or ATM card linked to this loan. You can use it for living or for other investments.
- By depositing your salary and savings into this loan you reduce the interest charge.
- Extra repayments are allowed at any time.
- A mortgage reduction programme can be helpful in managing this type of loan. Ask your Choice Home Loans Consultant.
Disadvantages
- Ease of withdrawal means if you are undisciplined this loan can get out of control.
- The interest rate is usually higher than Traditional Variable Rate and Low Frills Loans.
Carruthers Financial Services was established in 2000 filing the service void left by the major banks by providing a mobile, one on one service. We not only help you arrange your finance, but we continue educate and work with you on a regular basis, so you can achieve the Australian dream of owning your own home sooner. 
