Have your rental income go into your home loan line of credit to help pay the loan faster and save interest.
Line of Cerdit
- You have the capacity to pay the loan off much faster.
- Great flexibility to draw on the equity in your home without having to apply for a new loan, so long as you keep up with the required repayments.
- If you continue to draw on the surplus of this loan it may never get paid off.
- Your salary can be paid direct into your line of credit account.
- This loan requires a great amount of discipline because you can keep drawing out on the surplus making it hard to pay off the loan.