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Effectively managing your home loan can provide greater flexibility and help you pay off your mortgage faster. A redraw facility is one way to reduce interest costs while still having access to extra funds when needed. Here's what you need to know.What is a redraw facility?A redraw facility allows you to access any extra repayments you've made on your home loan. Instead of simply reducing your loan balance, these funds can be withdrawn later if necessary.How does a redraw facility work?For exam...

Paying off your home loan sooner can save you a significant amount of money in interest and help you achieve financial freedom faster. But the key is to control the controllables. Most of us hope and pray that interest rates will come down, that we'll get a pay rise, or that we'll have money left over each month. But relying on external factors won't get you ahead.Ready to take control of your financial future? Keep reading to discover three powerful strategies that can help you pay off your hom...

Navigating the world of home loans can be overwhelming, especially for first-time buyers. With numerous lenders offering a variety of mortgage options, it’s crucial to find the right one for your financial situation and goals. A mortgage adviser like us can help simplify the process. Contact us today to discuss your options.BOOK NOW1. Principal and interest loansMost home loans consist of two key components: principal (the amount borrowed) and interest (the cost of borrowing). A principal a...

Inflation seems to be headed in the right direction, but Reserve Bank of Australia Governor Michele Bullock says a near-term cash rate cut isn’t on the cards.So, where does that leave homeowners wondering whether now is a good time to refinance?The decision as to whether to refinance depends largely on your individual situation and goals. Here are a few key considerations to think about when deciding whether or not to refinance.Understand how current rates can work for you. Book a call...