A redraw facility on a home loan lets the borrower make extra repayments that can be redrawn at a later date. Different lenders have different policies on redraws and it is important to understand factors such as minimum and maximum amounts that can be redrawn as well as any fees involved and how the redraw can be arranged. Making extra payments by utilizing funds that are not otherwise required on a day to day basis can significantly reduce the payments or the term of the loan.

• Offset Accounts
• How good is a pre-approval?
• Savings Ratio has dropped to 3 year low
• Big changes taking place
• Easing of Lending Policies
• Finance for smaller units
• Every Little Bit Counts
• Benchmark Rates decreasing
• We did predict this!
• Age is not always a barrier!

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