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How does a redraw facility work?

Helping people achieve their financial goals

How does a redraw facility work?

Helping people achieve their financial goals

Helping people achieve their financial goals

How does a redraw facility work?

A redraw facility enables a borrow to withdraw from their home loan funds that they have paid in advance of their scheduled repayments. Borrowers can withdraw funds up to their scheduled balance. By withdrawing funds from their home loan this will also increase the balance and therefore the amount owing and interest payable amount.

A home loan with redraw facility is usually setup with a variable interest rate home loan. This enables borrowers to park funds in their home loan and still have access to the funds should they require it in the future. By paying additional funds into the home loan this also reduces the amount interest the borrower would pay.

At Mortgage Broker Plus Adelaide SA, we find you the best home loans from 45 of Australia's leading lenders then assist you with your home loan application.

Whether you are looking to buy a home, renovate your property, refinance your current home loans or invest in property our mortgage brokers can assist you.

How we can help you with your finance?

We give you choice

We first assess your current financial situation then structure a finance strategy using 45 of Australia's leading home loan product providers. We take the time to discuss the solution with you to ensure a home loan structure that will be financially beneficial over the long term.

We work with you

We get to know you personally to understand your personal circumstances and use our experience to find the home loan products that will meet your needs. We work with you and not for a bank.

We work for you

We take care of the paperwork and manage the application process through to settlement.

Were about more than just home loans

We can also help you arrange insurance cover for your home or yourself including home and contents insurance, life insurance and income protection.

We get to know you personally to understand your unique circumstances.

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