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Loan Management AccountВ® (LMAВ® Account), A secured personal credit line

Freitag, Mai 8th, 2020

Loan Management AccountВ® (LMAВ® Account), A secured personal credit line

Looking for a versatile, convenient option to handle cashflow?

The Loan Management Account® (LMA В® account) offered through Bank of America is really a flexible credit line that can be utilized for every function. An LMA accountВ can help whether you’re looking to help a family member, remodel your kitchen, pay taxes or cover education costs. By having an LMA account, you will get money, combine some other outstanding loans if desired and gain a clearer picture of your balance sheet.

How to make use of an account that is lmaв

You can make use of the LMA account as being a way that is convenient pursueВ a number of individual and business funding requirements, including:

  • Private and investment real estate acquisitions
  • Luxury purchases
  • Tax re payments
  • Training costs
  • Health expenses
  • Weddings
  • Debt consolidation reduction
  • Company or purchases
  • Diversification for concentrated securities roles
  • Crisis costs

A Borrowing Strategy

An LMA accountВ is really a secured credit line that utilizes your existing securities, such as for example shares and bonds, as collateral. There are not any costs to ascertain, no minimum balance nor yearly fee, to help you access funds since you need to. You’ll access funds, generally within one of approval day. You are able to access your credit in the shape of both fixed price and adjustable rate loans. Your advisor that is financial can you select the loan terms that work most useful for the individual situation.

Discover more

Confer with your Merrill Lynch advisor that is financial whether an LMA accountВ could be suitable for you.

Dangers of LMA Borrowing

Securities-based funding involves risks that are special. You need to review the LMA Loan Agreement and associated documents and disclosures very carefully and consult your very very own separate tax and legal advisors. (mehr …)