The Interest-Only Option- The value of your HomeBuyer Power is set at an agreed limit for the first 10 years - you decide how much of these funds you use, when you use them and for what purpose.
- Ideal for funding investment properties, share purchases or other investments where forecast earnings are expected to exceed interest payable on the home loan.
- Of course, you can also use your home equity for funding home extensions, that once-in-a-lifetime holiday, or any other personal purpose.
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Benefits of HomeBuyer Power- Option of deferring repayments during the interest-only period, allowing interest to capitalise, for up to 12 months - especially handy if your income is irregular.
- Available funds can be accessed through Online Banking, Phone Banking, ATMs, and at branches like an everyday banking account.
- You can also split your loan with a standard Term Loan to take advantage of fixed interest rates.
- We'll help you to make the most of HomeBuyer Power
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