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予人玫瑰，手有余香：加拿大新天地工作移民诚聘求职顾问&行业导师！

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予人玫瑰，手有余香：加拿大新天地工作移民诚聘求职顾问&行业导师！

compared with mortgage, PLC(personal line of credit) is more flexible in terms of payment, term etc. see inside

wwiii(everthing but...)

usually if you have good credlit, you can have $25000, where mortgage amount is significantly higher than PLC. You can borrow money from your PLC account the same way you transfer money between your bank accounts using telephone banking or internet banking any time, any where. The bank will send you a monthly statement indicating outstanding amt, mini payment (3% of balance or $60 depending on your specific deal) etc.
as for mortgage (regular fixed close mortgage), you pay FIXED payment which includes yr interest & payment of principal. For PLC, you can pay mini pmt only, or you can pay extras if you have extra cash and don't want to redeuce your interest cost.

(#1607880@0)
Last Updated: 2004-2-16
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枫下家园 / 住房话题 / 请教各位，Line of Credit home's equity 是什么意思？同Mortgage有什么区别？Line of Credit 的利率会好一些，还款自由一些吗？Line of Credit 的数额多长时间有效？ -haha4(haha4); 2004-2-11 (#1601205@0)

up -haha4(haha4); 2004-2-15 (#1606094@0)
问过银行的人，1。line of credit 可以贷房子的75％，利率float的话按Prime rate 4。25％，每个月只需付利息，其他可以任意付，没有最低或最高限制。2。如果固定利率，5年4。8％，1年3。3％，可以将贷款分开选择1年或5年。 -haha4(haha4); 2004-2-15 {168} (#1606755@0)
3。这笔钱如果有余，可以用来买车，投资。但是不可以转银行，而且利率比mortgage利率高，只是可以将贷款分开选择1年或5年。如果一半1年一半5年，利率平均下来是4。25％。是否划算？

请问这种贷款是否与年收入无关？无收入也可以吗？ -dyangu(更进一尺); 2004-2-16 (#1607090@0)

银行的人没讲根收入有关，估计只要信用好，交25％的downpayment就可以。还不十分清楚。请各位知道的指点一下，谢了。 -haha4(haha4); 2004-2-16 (#1607604@0)

Thanks a lot! -dyangu(更进一尺); 2004-2-16 (#1607831@0)

compared with mortgage, PLC(personal line of credit) is more flexible in terms of payment, term etc. see inside -wwiii(everthing but...); 2004-2-16 {671} (#1607880@0)
usually if you have good credlit, you can have $25000, where mortgage amount is significantly higher than PLC. You can borrow money from your PLC account the same way you transfer money between your bank accounts using telephone banking or internet banking any time, any where. The bank will send you a monthly statement indicating outstanding amt, mini payment (3% of balance or $60 depending on your specific deal) etc.
as for mortgage (regular fixed close mortgage), you pay FIXED payment which includes yr interest & payment of principal. For PLC, you can pay mini pmt only, or you can pay extras if you have extra cash and don't want to redeuce your interest cost.
楼上的雷声老大，说得这详细，和我从前在银行问的一模一样，够专业！！如果你每月有很多闲钱入账plc还是合算的，一年下来比mortgage付的利息少。 -fzhou(民工); 2004-2-18 (#1610363@0)

@PEI

compared with mortgage, PLC(personal line of credit) is more flexible in terms of payment, term etc. see inside

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