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    Would this home loan setup be equal to Line of Credit?

    Thanks for the reply Bradsdad...will only be using redraws for the IP's purposes only such as repairs.
  2. N

    Would this home loan setup be equal to Line of Credit?

    Thanks for the replies everyone. I realised I didn't not provide the full sentence for the 2) point. I was meant to say $0 redraw fee. I'm in a situation where I need to get a supplementary loan on top of my current ANZ mortgage to draw on equity. The equity manager account is higher...
  3. N

    Would this home loan setup be equal to Line of Credit?

    Hi, Just a quick question...would this home loan setup essentially be the same as a Line of Credit? 1) Interest Only for up to 10 years. Maybe difference where Line of Credits do not have fixed end dates? 2) $0 redraw Cheers.
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