Conversations with a Pug – Refinance my home loan to use additional features?
You’ve had a look at what different banks are offering and realised you are missing out on additional features that could save you thousands of dollars over the course of your loan.
Financial institutions are continually innovating to stay competitive so it’s definitely worth looking at what’s on the market.
Here are four loan features you should keep an eye out for:
This allows you to reduce your monthly repayments so you are only paying off the interest portion of your loan.
This allows you to make additional repayments while interest rates are low.
This allows you to keep a sum of money in a separate account reducing the balance you need to pay interest on.
A redraw facility allows you to claim back additional repayments if you need quick cash.
If you have any questions about any of these features, reach out and let’s talk.
My Very Best To You Always,