A home loan can be a sizeable chunk of your income, so it makes sense to make sure you get the most out of your deal. The articles below cover some of the major things to consider if you’re looking to manage your home loan.
Even if you secured a competitive package when you first took out your home loan, it’s worth reviewing from time to time to make sure the interest rates, fees and features continue to meet your needs.
Your existing provider may have another product, or you may need to switch provider. There are benefits and costs with either approach, so it’s important to evaluate the pros and cons if you’re considering refinancing. You can also consider consolidating your debts into one loan or debt recycling
Make sure you take financial advice if you’re thinking of this approach. It’s important to be clear about the risks as well as the benefits.
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How redrawing can work for you
18 September 2020 With a redraw facility on a home loan, you can access money you’ve paid above your minimum monthly repayments and spend this on something else. Read more
Is your home loan still right for you?
22 September 2020 From negotiating a better home loan rate to getting rid of features you don’t need, checking if your mortgage is still right for you has a range of benefits. Read more
Upgrade or Renovate Your Home (Video)
01 September 2020 In this episode of Q&, learn about the outlook for the Australian property market and look at the pros and cons before deciding to renovate or move your home. Read more
Consolidating debt into your home loan
01 June 2020 It’s easy to accumulate lots of debts, which can mean higher interest rates and multiple debts. You may ask, 'how do I consolidate my debt?' It's easy with AMP. Read more
Debt recycling
08 May 2020 Find out what debt recycling is, and if it’s a suitable investment strategy for you and your family. Get answers to questions, considerations, and a case study, from AMP. Read more