In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Line of Credit
A line of credit allows you to access funds when you need extra money up to a certain credit limit. Unlike a personal loan they have no fixed term and you only pay interest on what you have spent not on the entire limit.
These types of loans have variable interest rates, establishment fees and monthly account keeping fees. And just like any other loan the bank will need to go over all your finances to make sure you can afford to repay the line of credit and what would be a suitable credit limit.
A HELOC, or secured line of credit, may be a smart idea if you need money for a home renovation project, education expenditures, or other major expenses.
Learn MoreA bank or credit card issuer can generally lower or increase your credit limit at any time as long as the credit card agreement allows. If the bank revokes your line of credit your remaining balance will have minimum monthly payments and a fixed interest rate.
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