Genuine Savings

Genuine Savings for a Home Loan Deposit Saving for your first home can be a hard job.  It takes commitment, time and dedication to get that deposit together.   So, what do banks look for? Generally, financial institutions require borrowers to be able to demonstrate that they can be good savers.  Home loan repayments need … Read moreGenuine Savings

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

It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained 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 … Read moreHow redraw works and why it’s a handy loan feature