In this article:
When you’re looking for a loan, also have a think about the features you’d be likely to access. An offset account is a popular one – it’s an account that links to your loan and allows you to reduce the interest you pay based on how much is in the account. So if you have a $200,000 loan and you have $50,000 in your offset, you’ll only pay interest on $150,000. A redraw facility is also important as it enables you to pay extra on your loan, but let you access that money if you need it down the track.
Still have questions? Make an appointment with one of our friendly mortgage brokers at our Yellow Brick Road Rosanna branch today!
We have you covered on all stages of your property journey