It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why:
Douglas Piening 23/8/2018
Genuine savings or equity are generally needed in the application process. If you apply for a home loan, particularly if the loan is for more than 80 per cent of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. This is to demonstrate your ability to funnel a portion of your income into repayments. Read More
Amid talk of a Credit Squeeze and predictions that house prices will fall, especially in the major cities of Melbourne and Sydney you could be mistaken for thinking it was all doom and gloom. I would prefer to focus on a few of the positives in the current environment!
Buying a home can be stressful. It can be more stressful if you have uncertainty around your financial situation when you are looking to buy a home.
Savvy borrowers have an endgame in sight before they even apply for a home loan, and with the right mortgage offset account, they could win that game even more quickly.
As the owners of a 1932 Californian Bungalow this question has messed with our minds over the past few years. When we bought we assumed that we would… Read More
Clients of mine who are first home buyers have saved a $50,000 deposit and are looking to buy Read More
As the population in our major cities continues to grow and with the centralisation of the workforce there is an increasing trend toward Read More
Whilst it is not a mandatory requirement for home buyers to seek a pre approval, doing so can make things considerably easier.
So why might that be?