After your home loan is advanced, your first repayment will be due exactly one month after. If you worked with Freedom Lend and they opened an offset account for you, the repayments will be drawn from this account unless you say otherwise.

In any case, always be sure your repayment account has enough funds to cover the next repayment. You may also inform your employer to deposit your salary directly into this new account to simplify the process.

Now what if you wanted to change your loan? Let us know if you want to:

• Fix the interest rate
• Switch to/from principal-and-interest and interest-only repayments
• Change loan types
• Repay the loan
• Sell the property
• Refinance to another lender