Question: Can I apply for an increase to my Line of Credit in future if the value of my property increases or I have more equity in my property assets? 

Answer: Yes. This may require a new valuation of your properties. You will need to talk to us on how to structure this.

Question: How often can I redraw the amount I need with the Line of Credit? 

Answer: You can redraw as many times as you like within the terms.

Question: What is Mortgage Insurance?

Answer: Mortgage insurance protects the bank not the borrower and is a one off payment upfront. ProMeds aim is to ensure Mortgage Insurance is waivered.

Question: Can I redraw extra repayments made into my home loan?

Answer: Yes you can to the limit that you have available – however, there maybe better structures to suit you if you think you may need to re-draw regularly.

Question: What should I do if I have any other questions that have not been answered above?

Answer: Ring 1800 622 620 or email enquiries@promedfinance.com.au