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…
For many Australians, Lenders Mortgage Insurance (LMI) is an unavoidable cost when buying a home with less than a 20% deposit. But here’s the good news: there are ways to avoid LMI altogether and significantly reduce your upfront costs. Whether…
Lenders Mortgage Insurance (LMI) is a significant cost for many borrowers with less than a 20% deposit, but what if you could avoid paying it altogether? For eligible buyers, LMI exemptions or waivers can save tens of thousands of dollars,…
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…
For healthcare professionals in Australia, buying a home can be more accessible than you think. Many banks and lenders recognize the financial stability of medical professionals and offer Lenders Mortgage Insurance (LMI) waivers, saving you thousands of dollars on upfront…
Your credit score plays a crucial role in determining your eligibility for loans—whether it’s a home loan, car loan, or personal loan. For first-home buyers and anyone looking to secure financing, improving your credit score can mean better loan terms,…
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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