redraw want to refinance

So you have redraw and you want to refinance. Your home loan that you currently have may be costing you more, may be too expensive, maybe something that you entered into just to get through a short period of time. Now you've built up some redraw or you have money in your offset account. How do you go about refinancing? Well, one of the things you need to do first off, if you owe $100,000 and you have $20,000 in redraw, then that means you actually owe $120,000. So you could take your redraw out, have your loan sitting at $120,000 and refinance that. Or the other way is that you could leave your redraw in there and me as a broker can take your $100,000 of loan, $20,000 of redraw, apply for $120,000, and then you'll have access to your redraw. Once the refinance is done, you can then still access your redraw and things, depending on what you need to do during the time that the refinance takes to get approved and settled. So if you have redraw or you've got an offset account with money in it, that is fantastic. That's the way to be ahead of the curve and save on some interest and be able to have money for a rainy day. Whether it's the air conditioning, especially being really hot right now, or whether it's just hot water or anything that happens on the house, you can jump onto pretty quickly. If something happens to cash flow, you've got some money there that you can keep your loan active and good conduct in place. All right, it's Aaron from Diagnostics and Finance. Let's keep everything going. Let's keep that redraw. Let's keep those savings in the home loan. Bye now.