Hi experts, Have a Liberty LOC originally with $100K fully drawn. After selling the property for which $100K was used as deposit, the same amount was paid back to the LOC so the net owing is $0. However, the available fund for re-draw if/when I decide to do in the future is less than $100K by exact amount of one month worth of repayment. When speaking with Liberty, it says it's their standard process to hold back one month worth of repayment in case the account falls into arrears for what ever reason. The implication of this is if I were to re-utilise the same LOC for multiple buy-sell-payback iterations, the available funds for future re-draw will reduce after each iteration. Has anyone had similar experience with Liberty LOC? Thanks, FXD
Build Passive Income WITHOUT Buyers Agents! Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia » Learn HOW Now!