How redraw works and why it’s a handy loan feature

Does your home loan have a redraw facility?

A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then you’ll have money available to redraw from your home loan.

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If your current home loan doesn't have this feature, but you are interested in having it, give us a call on 03 9753 5208 to discuss your refinancing options.