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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Line Of Credit

A line of credit or otherwise known as an equity loan or a reverse mortgage is generally an interest-only loan with no set period for the balance to be repaid by. It is basically an overdraft facility that is secured against your existing property, where interest is charged only on what you have used and is charged to your account on a monthly basis.

The majority of lenders permit you to make additional repayments, which you can redraw on as required provided there is sufficient credit available. To see if a line of credit is the right option for you visit our home loans page today.

The table below displays todaya??s lowest interest rates for 3 Year Fixed Rate Home Loans.

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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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