Have searched to no avail....
...can anyone advise me whether I need to provide the bank with a reason as to why I want to either (i) increase my current LOC or (ii) start up a new LOC against another property?
If I do need to give a reason, can I say it's for reno's, possibly do a quick $1K paint job & use the rest for capitalising interest?
Thank you for your feedback
...can anyone advise me whether I need to provide the bank with a reason as to why I want to either (i) increase my current LOC or (ii) start up a new LOC against another property?
If I do need to give a reason, can I say it's for reno's, possibly do a quick $1K paint job & use the rest for capitalising interest?
Thank you for your feedback