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Available credit facility

Last post Sat, Mar 10 2012, 1:52 PM by maxsteam. 1 replies.
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  •  Sat, Mar 10 2012, 1:52 PM

    Re: Available credit facility

    The people to ask would be whoever sent you the statement but my guess is that you might have overpaid in the past and so now you might be able to miss a few payments without upsetting anyone. Otherwise it could just be the amount of the mortgage.

    In one way or another, it's the amount that you can borrow or have borrowed.

    • Post Points: 5
  •  Sat, Mar 10 2012, 1:35 PM

    Available credit facility

    Hi

    Could someone explain what it means by Availble Credit Facility on my mortgage statement.

    Sorry for sounding stupid but mainly just pay what im due, so hoping some on here can be kind enough to explain it.

    Many Thanks

    • Post Points: 20