Managing Your Home Loan

managing-your-home-loan

Need help choosing the right home loan?

Managing your Home Loan

When it comes to managing your home loan, there are many flexible ways to stay on top of repayments and to make the most the features provided. 

Line of Credit

Line of credit (LOC) loans allow you to borrow money using your existing home as security. These loans can be used for anything you like, for example renovations, stock investments or even a family holiday. Essentially, a LOC is similar to a credit card, although it has a large limit that uses your current equity to secure it.

Reverse Mortgages

Similar to a line of credit, reverse mortgages allow you to borrow money from your existing loan using your current property as security. The money can be provided via a regular income stream, a lump sum or a combination of the two.  In addition, you do not have to make constant repayments although the interest does accrue onto the balance, of which the borrowed amount is only payable when you sell the property or die. Reverse mortgages may be used to acquire another property as an investment through using your current equity (your house) as collateral.  

Adjusting your home loan features

Are you finding that you are paying for features that you do not need? We’re here to help. We can help you refinance your home loan, and in doing so, we may be able to find you more useful loan features and in most cases also save money by cutting down on the ones you don’t use and reviewing your interest rate. If you would like us to talk to you more about what we can do to help please call us on 1300 015 133.

For more information see our eBook Guides

More Information

Find the home loan that’s right for you.

Bank Our goal is to save you money!

Make a free enquiry now

Select a choice

I agree to the Pioneer Credit Connect Terms & Conditions and Privacy Policy.

Other Home Loan types

Home Loan Buying and Selling Costs Calculator

Buy a house

It’s one of the biggest decisions you’ll make. Getting the right loan can make a world of difference.

Learn more

refinancing

Refinance

Compare your current home loan against other in the market and see how much you could save.

Learn more

renovating

Renovate

Extending, putting in a pool or adding a patio – let us help you find the right loan.

Learn more

investing

Invest

Buying an investment property? We’re experts at matching you to the right loan.

Learn more

Backed up by

  • WestpacLogo
  • StGeorgeLogo
  • NABlogo
  • MacquarieLogo
  • LibertyLogo
  • BankwestLogo
  • BankofMelbourneLogo
  • CommonwealthBankLogo
  • ANZBank