In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
When you make additional payments into your home loan, it means you have funds sitting inside your home loan facility and while they are sitting there they are called redraw. You are free to withdraw these funds if you need to use them at all.
Making extra repayments also means saving on interest, as the interest is calculated on the outstanding loan balance daily.
If you do decide to draw funds out of your home loan, there is a certain amount you can take out, as you have to make sure you are in line with your scheduled repayments, you should be at least one scheduled repayment ahead.
