Redraw Facility with Home Loans in Australia
Do you sometimes feel like your home loan is dictating your life? You don't have to live with rigid boundaries on your home loan.
Imagine if every spare dollar you had, was working every day to pay off your mortgage. Simply by having your wages paid directly into your mortgage and redrawing money as you need it, you could knock years off your loan.
Simply by having your wages paid directly into your mortgage and redrawing money as you need it, you could knock years off your loan.
And that's just the start. Once you get ahead, you're not locked into minimum or maximum monthly repayments so you have the flexibility to pay more or less as you need to. Whether you want to take three months off work to dive the Barrier Reef or put a swimming pool in your backyard, as long as you have the extra money in your mortgage to do it, the freedom is yours
Best of all, with the option of a home loan redraw facility, you'll never have to contemplate the sticky tangle of consolidating other loans and credit cards. As long as you keep ahead on your repayments and have a some extra put aside, you'll be prepared for all those other expenses that crop up from time to time. Deserve a holiday? Dreaming of a new kitchen? The freedom is yours.
Broker Options - Redraw :
| Loan Broker | Online Service |
Performance Rating |
Link to Enquiry Form |
|---|---|---|---|
| Home Loan Club | Fast access seven days a week extended hours |
Noted for great solutions with a good application success rate |
|
| Rate Slayer | Fast access seven days a week extended hours |
Noted for great solutions with a good application success rate |
So what should you look for when considering home loan redraw facilities?
Find a home loan redraw facility that:
- has no minimum redraw amount
- lets you make an unlimited number of redraws per month
- no charge you to redraw. You don't want all your savings swallowed in extra fees.
Also consider if a home loan redraw account is the right option for you. It is a fantastic mortgage tool for managing your money if you're a good saver. If you're likely to redraw every time you're tempted by a new gadget or outfit however, it is probably not for you.
Compare Redraw Home Loan Providers: Additional Notes
Home Loan Club
Loan Type: Redraw Home Loan
Home Loan Club have been providing excellent solutions for refinance across Australia for several years with high customer satisfaction. Great track record in obtaining results with lenders specialty packages.
Performance Rating for Redraw Home Loan : Very High Rating
Please click here to access the Enquiry Form for Home Loan Club
Rate Slayer
Loan Type: Redraw Home Loan
Rate Slayer is focussed on standard home loans to offer low rates and fees. For a more complicated situations like setting up a redraw facility please refer to one of the alternatives listed on this page.
Performance Rating for Redraw Home Loan : Low Rating
Please click here to access the Enquiry Form for Rate Slayer
Please click here to visit Information Summary on each Broker