Lines of Credit
Posted by Davlin on April 13, 2011 under Property Investment | 
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Line of credit accounts, also know as Equity Loans, Revolving Lines of Credit allow you to access the equity in a property for personal or investment reasons. In order to understand them its best think of them as a credit card but at mortgage interest rates. Lines of credit have 3 components being a Facility Limit, Facility Balance and Available Funds.
Most importantly for property investors they should be used to manage cash flow and provide a cash buffer for any short term cash flow challenges.
R said,
Interesting, usually a line of credit is difficult to define but this is made simple
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