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How can I redraw funds from my home loan?

Generally, you can only redraw extra available funds if you are ahead on your regular loan repayments.

Redraws are usually only available with variable rate home loans. Dependant on your lender, if you wish to redraw on a fixed rate home loan you will need to convert to a variable rate first.

For more expert advice, contact a Lendi Home Loan Specialist today.

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