Frequently Asked Questions
Frequently Asked Questions
Learn more about common loan features and options
Principal and Interest (P&I) and Interest Only (IO) repayment along with Lines of Credit (Loc) provide options to reduce loan balances or manage cash flow.
Offset accounts and Redraw facilities help to reduce the interest charged on a loan learn more here
Lenders Mortgage Insurance is often referred to as LMI. It is insurance that a lender takes out to insure itself against the risk of not recovering the full loan balance if the borrower (you) were unable to meet loan repayments. One way to avoid is to receive a family pledge, find out more here
Debt consolidation involves bringing your existing debts together into one new loan. The objective is to reduce the number of individual payments you make and reduce the interest rate you are paying on your more expensive debts. There are some things you should consider, read more here.