Loan Management AccountВ® (LMAВ® Account), A secured credit line
Looking for a flexible, convenient solution to manage cash flow?
The Loan Management Account® (LMA В® account) offered through Bank of America is just a versatile credit line that can be utilized for every purpose. An LMA accountВ can help whether you’re looking to help a family member, remodel your kitchen, pay taxes or cover education costs. With an LMA account, you will get money, combine virtually any loans that are outstanding desired and gain a better picture of balance sheet.
How exactly to use an account that is lmaв
You should use the LMA account as being a convenient solution to pursueВ a number of personal and business funding requirements, including:
- Private and investment real-estate acquisitions
- Luxury acquisitions
- Tax payments
- Training costs
- Health expenses
- Weddings
- Debt consolidating
- Company or purchases
- Diversification for concentrated securities jobs
- Emergency costs
A Borrowing Strategy
An LMA accountВ is just a secured personal credit line that utilizes your current securities, such as for example shares and bonds, as security. There are not any charges to determine, no minimum balance nor yearly fee, to help you access funds since you need to. You can access funds, generally speaking within one day of approval. You have access to your credit in the shape of both fixed price and rate that is variable. Your advisor that is financial can you select the loan terms that work most readily useful for the individual situation.
Get the full story
Confer with your Merrill Lynch economic consultant about whether an LMA accountВ might be suitable for you.
Dangers of LMA Borrowing
Securities-based funding involves risks that are special. (altro…)