If you have a home loan with CBA, make sure you understand the new rules that changes how repayments and redraw balances are calculated.
What are your thoughts on the recent changes to CBA home loans?
5 Likes
Another point to remember: if you salary sacrifice your mortgagee interest (eg remote area) I believe using offset or redraw is either not permitted or has limitations.
CBA did notify customers in the vague sense, but you’d think more noise would be made for something that could affect some customers significantly.
3 Likes
