Home loans for renovating
If you are renovating your investment property to increase rental returns, updating your house or buying a new home with plans to renovate in the future, we recommend a combination of a term loan and a line of credit or an offset account. Either option will provide you with easy access to your funds to pay builders, architects and tradespeople.
A line of credit allows you to unlock the equity in your home and gives you easy access to your money to pay contractors, hire equipment and purchase hardware.
Frequently Asked Questions
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The Homeloans ProSmart Line of Credit (LOC) home loan is a fully transactional line of credit which is perfect for borrowers wishing to eliminate debt as quickly as possible by crediting their salary to their loan.
The facility comes linked with a nil interest VISA account which is swept to the loan balance at the end of each month.
View more Homeloans ProSmart LOC features. |
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The Homeloans Ultra Plus home loan offers a discounted interest rate in return for an annual fee. This home loan works best for larger loan amounts, those looking to upgrade their home and investors. Pay less interest and become debt free faster. Plus you will enjoy free redraw through internet or phone banking and the ability to make extra repayments at any time.
View more Homeloans Ultra Plus home loan features. |
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The Homeloans Ultra Plus Line of Credit (LOC) is a fully featured Line of Credit offering a discounted interest rate in return for an annual fee. Providing access to extra funds when you need it, this home loan works best for renovators and credit savvy investors with larger loan amounts.
Enjoy convenient access to your funds through EFTPOS, free ATM transactions via the NAB and Rediteller network, direct credit, cheque, internet and phone banking.
View more Homeloans Ultra Plus LOC features. |
Frequently Asked Questions