- Extra repayments can be made.
- Early Payout is usually possible with no penalty fee.
- Redraw are possible though some lender do have some minor restrictions on these like minimum redraw amounts.
When you apply for a home loan, a lender will take a large number of factors into consideration when deciding whether or not to approve your application. The Serviceability assessment determines if you can comfortably “service” the loan repayments after considering all of your …