Looking for a flexible, convenient solution to handle income?
The Loan Management Account® (LMA ® account) offered through Bank of America is just a flexible credit line that can be utilized for every purpose. Whether you are looking to aid a member of the family, renovate your home, pay taxes or cover training expenses, an LMA account will help. Having an LMA account, you will generate money, combine any kind of outstanding loans if desired and gain a better image of balance sheet.
Just how to make use of A lmaв account
You need to use the LMA account as being a convenient method to pursueВ many different individual and business funding requirements, including:
- Private and investment real-estate acquisitions
- Luxury acquisitions
- Tax payments
- Education costs
- Medical expenses
- Weddings
- Debt consolidating
- Company or purchases
- Diversification for concentrated securities positions
- Emergency costs
A Borrowing Strategy
An LMA accountВ is just a secured credit line that utilizes your existing securities, such as for example shares and bonds, as security. There aren’t any costs to establish, no minimal balance nor annual fee, to help you access funds since you need to. You have access to funds, generally speaking within one of approval day. You have access to your credit by means of both fixed rate and rate that is variable. Your advisor that is financial can you decide on the loan terms that work best for the specific situation.
Get the full story
Speak to your Merrill Lynch advisor that is financial whether an LMA accountВ may be right for you.
Dangers of LMA Borrowing
Securities-based financing involves unique dangers. You really need to review the LMA Loan Agreement and related documents and disclosures very very carefully and consult your very very own independent taxation and appropriate advisors. Читать далее