Line of Credit based on Cash/Assets

[Brian Garrett]

I keep hearing about a LOC that gives you 5x your liquid cash and/or assets.

For example if someone had $100k in their savings account they would have $500k of purchase power.

Does anyone know anything about this program or have more details on it?

I'm curious what the typical rate, term and amortization is like on these types of loans.

Also would like to know what other requirements there are outside of having cash available.

If anyone has information or insight they can share it would be appreciated.  Thanks!