answered
Q: Hi there. Trying to work what makes more financial sense over a longer period ...paying out a higher interest personal loan with withdrawing cash currently sitting on my house mortgage OR leaving the $$ on the mortgage? The interest rate is 12% v 4.95%
A: paying a lower interest rate enables you
repay more off what you owe. this would make sense to enable you yo repay the full debt
answered
Q: Are redraw facilities easy to use? Can they be online or do I have to call the lender every time I want to access funds?
A: online and at your request and control
answered
Q: Is a 10% deposit still required by most banks/lenders for a home loan?
A: No. you have opions.
Bill Vasiliadis
8 years ago
