Line of Credit Home Loans

Line of credit

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Line of Credit Home Loans

At Pioneer, we understand that circumstances occur where you may need access to withdraw from your existing home loan. Our aim is to help you achieve your financial goals, together.

In its simplest form, a line of credit is an add-on to your mortgage that allows you to free up some cash flow, relatively quickly, to make a significant purchase. Traditionally, a line of credit (loc) is applied for to pay for a one-off project or purchase, like a renovation.

What is a Line of Credit Home Loan?

Line of credit loans allow you to borrow money by using your home as security. A line of credit is similar to a credit card, although has a higher limit. The higher limit is enabled through using your current equity (your house) as security. These loans are able to go towards anything you like such as home improvements or an investment.



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Why is a Line of Credit Home Loan right for you?

If you are looking to make a one-off payment towards something, a line of credit could be useful you. These usually work best when you have little to no deposit where you can instead use the equity in your house as collateral. Say you want to make home improvements yet don’t have the savings, a line of credit could be added to your mortgage meaning that you can borrow funds to help finish the project.

Are you wanting to use the equity in your current home to fund part of your next property? See our Home Equity Loans page.

Benefits of a Line of Credit Home Loan:

  • Pay off your existing debts
  • Obtain additional funding
    • Complete home improvements
    • Achieve your financial goals

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    See what our customers have to say!


    • customer experienceJohn R, VIC
      I'd like to thank you for all the help you've given me. I know that I made it difficult for you at times but you handled it all very professionally. It was very helpful that you were so knowledgeable about every aspect of this process, including all the legal procedures.
    • customer experienceThe Conway Family, WA
      We would love to say a massive thank you for all the help and support you have provided in the purchasing of our lovely home. Buying a house is apparently one of the most stressful things you can do in a lifetime; well not in this lifetime thanks to you! We can honestly say that there was not one minute of stress and your efficiency, expertise and advice were second to none.

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