Flexibility in your home loan

Buying your next home can take time. We explore some of our customers’ top tips and experiences.

We take a look at some of the ways a flexible home loan can adapt to changes in your life.

Whether planned or unplanned, life’s always changing so it’s important to choose a flexible home loan that can keep pace.

We take a look at some of the ways a flexible loan can help you adapt if your circumstances change.

Thinking about renovating?

In need of a new kitchen? Or do you want to add a deck for entertaining? You may be able to Top Up your home loan to access extra funds for your renovation plans.

With a Top Up you can leverage equity in your property to borrow additional funds against your existing home loan. This means you can access extra funds at your current home loan rate, which across the same term could potentially be more cost effective than other borrowing options.

Expecting a new addition to the family?

You might have plans to decorate the baby’s room, or maybe you need to make a few repairs before the baby arrives. While you’re adjusting to the changing family dynamics, you might benefit from taking a temporary break from making repayments on your home loan. Consider looking into the possibility of a Repayment Holiday.

If you’ve made additional repayments on your loan and you’re eligible, a Repayment Holiday could give you the option of freezing your repayments for up to 12 months.

Need to make some home repairs?

If you’re facing the need for some unplanned home maintenance or emergency repairs, a flexible home loan may be able to provide you with options to help.

If you’re ahead in your repayments on a variable rate home loan, you may be able to Redraw to access some extra cash for those unexpected property expenses.

Talk to a Home Lending Specialist today to find out more about how flexible your home loan can be.

This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Repayment Holiday is not available on interest-only loans and is dependent on having the required amount available in special repayments (extra repayments). A Repayment Holiday is also not available where there is a second or subsequent mortgage to another financial institution ranking behind the Commonwealth Bank. Commonwealth Bank of Australia ABN 48 123 123 124.