The benefits of a split loan when refinancing and investing
If you need your loan to serve the dual purpose of generating funds for both refinance and investing, a split loan could be the perfect solution. With a split loan, you can choose a fixed rate mortgage for the portion of principal that refinances the current mortgage, thus securing a lower rate and lower payment. For the investment portion, you can select a variable rate line of credit which will allow for cash withdrawals, interest-only payments for a limited time and renewed availability of cash once the balance s paid off
Need to refinance a mortgage and want funds for investment purposes?
A split loan is the perfect facility; choose a fixed rate to pay out the current mortgage and a variable rate with a line of credit facility for the investment portion.
Contact us for a no-obligation quote on a combination loan today!