I am just wondering now what are the important features I should look for in a line of credit loan?  Some that I can think of are:1.  capacity to split into sub-accounts and potentially fix those rates2.  discount on standard variable rate if possible3.  minimal fees4.  good LVR with or without LMI to maximise equity I can access4. interest only…[Read more]

Thanks Richard and Duckster,Firstly – I take your point about releasing security, this was originally made as a move to avoid mortgage insurance and as a first degree relative I was able to secure '20%' of the loan against their property to do this.  I have had sufficient gains so that I can release this.  It worries me that I am 'risking' th…[Read more]