Hi there,
I have a friend who have been making extra loan payments for years and now he has around $230,000 he can redraw from his CBA Economiser Investment Home Loan with around $20,000 loan balance on the remaining 20 years loan term. He is looking at buying a retail shop to run his own business but not sure if he can freely redraw his money from his home loan to to do so. Could somebody here know anything about this?
Would really appreciate if some experts here are willing to shed some light.
I have a friend who have been making extra loan payments for years and now he has around $230,000 he can redraw from his CBA Economiser Investment Home Loan with around $20,000 loan balance on the remaining 20 years loan term. He is looking at buying a retail shop to run his own business but not sure if he can freely redraw his money from his home loan to to do so. Could somebody here know anything about this?
Would really appreciate if some experts here are willing to shed some light.