Redraw is the term used to describe the ability to withdraw money (from additional payments you have made), when you need it, from your Variable Rate Home Loan. It is the difference between your current balance and what the balance would have been if you hadn't made any additional repayments.
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Answer:
Redraw is the term used to describe the ability to withdraw money (from additional payments you have made), when you need it, from your Variable Rate Home Loan. It is the difference between your current balance and what the balance would have been if you hadn't made any additional repayments.
Explanation:
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