Refinancing is a powerful financial tool that allows you to replace your existing loan with a new one. Whether you’re looking to lower your interest rate, reduce monthly repayments, access equity, or consolidate debt, refinancing can help you achieve your…
Debt can feel overwhelming, especially when you’re juggling multiple loans with high interest rates. If you’re looking for a way to simplify your repayments and potentially save money, refinancing your home loan to consolidate debt might be the solution. This…
Your home isn’t just a place to live—it’s also a powerful financial asset. If you’ve built equity in your property, refinancing can help you unlock that value for a variety of purposes, from funding renovations to making investments or consolidating…
For many Australians, buying a home is one of the most significant financial steps they’ll ever take. But if you don’t have a 20% deposit saved, you might encounter something called Lenders Mortgage Insurance (LMI). So, what is LMI, and…
If you’re a first-home buyer in Western Australia, you might be wondering, “How much deposit do I really need?” While the common belief is that you need a 20% deposit to buy a home, the reality is far more flexible.…
If you’ve noticed your redraw amount shrinking or disappearing altogether, you’re not alone. Many Australian borrowers with a redraw facility experience this and wonder, “Why is my redraw amount reducing?” This article explores the main reasons behind changes to redraw…
Paying off your home loan is a major milestone, but many borrowers with a redraw facility find themselves asking, “What happens to my redraw funds once the loan is fully paid off?” The answer often depends on your lender, loan…
Redraw facilities are a handy tool for many homeowners managing their home loans, but not everyone knows exactly how to use them. A common question we normally get is whether you can use the funds in your redraw account to…
When it comes to managing your home loan in Australia, having flexibility can be a game-changer. A mortgage redraw facility is one tool that might be available to you, but many people aren’t quite sure how it works or whether…
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