A line of credit loan allows you to borrow money using your existing equity in your property. Equity is the difference between what you owe to the lender and market value of the property.
A line of credit is a flexible facility that allows you to use the funds whenever you need it. It has a set limit, dependent on the equity in your property. You can use the funds for a renovation, to purchase a property or car, or even your holidays.
DotCapital has access to line of credit loans and we can advise it’s suitability based on your requirements and individual situation.