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
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
How to refinance your home loan
With record low interest rates, Australians are taking the opportunity to refinance home loans. Here’s what you need to know about refinancing your mortgage. Read more
Consolidating debt into your home loan
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
Is your home loan still right for you?
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
Can refinancing my home loan save me money?
By replacing your existing loan with a new one, you could take advantage of a better deal and pay off your home loan sooner. Find out more with AMP. Read more
Upgrade or Renovate Your Home (Video)
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