We were impressed with service provided. The file that was sent to us after our loan was approved has been helpful and the gift and letter from RAC Mortgage Find following our settlement made us feel appreciated and valued as customers. Everything was timely, like clockwork or a well-oiled machine. It happened so smoothly and effortlessly for us. We will recommend this service to our friends and family

- M. Deal & H. Bloxsidge, Midvale

Lines of Credit

Lines of Credit operate in a similar manner to your Credit Card in that you may spend up to your limit on whatever you want so long as you make your minimum monthly interest payment. The main features of the Line of Credit include:

Immediate access to funds up to an agreed limit.
The freedom to use loan funds for any purpose.
A simple "once only" application and approval process.
The flexibility and convenience to pay extra and redraw at any time.

Whatever you don't use, you don't get charged for, as Interest is calculated on the daily balance on your Line of Credit.

You have access to your funds either through your ATM Card, Cheque Book, Bpay, Phone Banking, or the Internet.

Some lenders give you the ability to set up many separate Line of Credit accounts under the one master limit enabling you to separate your personal and investment loans for income tax purposes.

Lines of Credit may also be packaged with other Home Loan products such as Basic Loans, Fixed Rate Loans, and Standard Variable Rate loans.

Lines of Credit can be a very convenient and powerful financial tool. A strict spending discipline is strongly recommended with this type of product.

Contact us for more information on how Lines of Credit could work for you