If you are renovating your investment property to increase rental returns, updating your house or buying a new home with plans to renovate in the future, at Homeloans we recommend a combination of a term loan and a line of credit or an offset account. Either option will provide you with easy access to your funds to pay builders, architects and tradespeople.
A line of credit allows you to unlock the equity in your home and gives you easy access to your money to pay contractors, hire equipment and purchase hardware.
Please contact Homeloans for more information about our rates or our home loan options.