Time Home Loans

Offset and redraw feel identical. Money in, interest down, money back out.

The difference shows up years later.

Offset money is still your savings, beside the loan.

Redraw money has been paid off the loan. Taking it back out is new borrowing - and what you spend it on decides whether the interest is deductible.

Might this home become an investment? That matters at tax time.

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

Done the work. Sent the invoice. Now you wait 60 days while wages and suppliers don't wait at all.

Invoice finance lets you draw funds against unpaid invoices. It's common in:

- Recruitment and labour hire
- Transport and logistics
- Manufacturing and wholesale
- Construction subbies
- Professional services

timehomeloans.com.au/businesses-that-use-invoice-finance

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

Ever looked at a borrowing calculator and thought, surely I can borrow more than that?

Lenders don't just test your actual rate. APRA expects them to check you could still repay if rates were 3 percentage points higher. You don't pay that rate. It's a stress test.

Lenders still treat income, card limits, rental income and overtime differently. One lender's number isn't the final word.

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

An offset account is an everyday account linked to your home loan.

The balance in it is subtracted before interest is calculated. Say $500,000 loan, $20,000 offset: you pay interest on $480,000.

Nothing is locked away. It is still your account. It just works while it sits there.

The catch: offsets usually sit inside a package with an annual fee. Small balance? The fee can win.

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

“My mate got a great deal with XYZ Bank.”

Good for them. It doesn't make it the right lender for you.

Two people on the same income can get very different outcomes depending on job type, self-employment, bonuses, rental income, debts, dependants and the property.

There's no single best bank. There's the lender whose policy fits your situation.

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

Rates are higher and interest-only loans are getting a second look.

They lower today's repayment but don't shrink the debt. When the interest-only period ends, the full balance is repaid over a shorter term, so repayments step up.

Lenders often assess you as if you're repaying principal already. That can cut what you can borrow.

timehomeloans.com.au/interest-only-loan-four-things

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

Planning to buy in the next few months? Before you:

- finance a car
- open a new credit card
- change jobs
- move big sums between accounts
- top up an existing loan
..check how it affects your home loan plans first.

You don't need a property picked out to start. The most useful conversation often happens months before you make an offer.

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

Public holiday in Queensland today, so the office is closed and we are back tomorrow.

Also the last day of the school holidays, which means somewhere in Brisbane a parent is doing a victory lap around the kitchen.

If you have sent something through over the weekend, we will pick it up first thing Tuesday.

Your home loan shouldn't be set and forget.

The loan that suited you two years ago may not suit you now. With four rate rises this year, it's worth a look.

A review doesn't automatically mean refinancing. Sometimes staying put is right. Sometimes your lender may sharpen its offer. Sometimes another structure fits better.

The point is to check.

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.

Long weekend. The open homes are out in force.

Before the next one: do you know the number you can borrow, or the one you hope you can?

Those two are usually a suburb apart.

A complimentary lending strategy session gives you a clear picture of what you can borrow, your deposit gap and what to fix before you apply. No pitch at the end of it.

timehomeloans.com.au or (07) 3194 0888

General info only, not advice. Authorised Credit Representative under Australian Credit Licence 387025.