redraw

Dear Paul, We have an investment loan facility of a few hundred thousand dollars that holds the deed to our home as a security. The balance owing on the loan is at $1000. We would like some advice on whether to hold onto the facility as an emergency ... More

My husband and I are now retired and drawing on our super. We think we have enough money to "last". We have two adult children. The mortgage has been fully paid out, but we haven't discharged it, which means we have access to $300,000 to redraw ... More

ME Bank has reversed its decision to slash home loan redraw limits just days after coming under fire from customers. The bank cut redraw balances on what it called legacy home loans written more than five years ago, but only notified customers after ... More

ME Bank has come under fire after customers received letters telling them the redraw balances on their mortgages had been significantly cut without any warning. One letter from ME Bank, seen by Money , showed a customer's redraw balance had been ... More

Taking a repayment pause from your mortgage will help save the finances of many Australians in hardship. But it will also cost them on the other side of the coronavirus crisis. How much more you pay depends on the pausing policy of your bank. If your ... More

Q. My partner is 51 and earns $70,000 and has super of $200,000. I am 42 and earn $62,000 (I work at a not-for-profit and salary package $18,550), plus investment property income of $18,000 with superannuation of $160,000. We bought our principal place ... More