Often overlooked, the redraw facility is not always on the top of a client’s list of desired loan features. It’s a common feature attached to a variable rate home loan, which allows the account holder to withdraw money they’ve already contributed to paying off their loan if they have paid over and above the minimum scheduled repayments. As you’re able to make additional repayments, you can reduce your loan balance and save on interest.
Read MoreHow can you transform your bathroom space without the cost of a full renovation?
Read MoreTo help you plan out your goals for the new year, we have created our very own yearly financial goal sheet just for you! Simply download, print and fill out each square to take the first step to achieving your big financial dreams.
Read MoreWith Christmas only four weeks away it’s easy to get overwhelmed and lose track of your spending. It’s also easy to forget about the financial headache that sets in during the early months of the new year until it hits you like a hangover on Boxing Day.
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