When you’re in the market for a home loan, there are a lot more things to consider aside from how much to borrow and the interest rate. There are various home loan features that lenders may offer to improve your experience.

An offset account is generally an everyday transaction account linked to your home loan. It is generally suggested to deposit your salary and savings into an offset account as it is used to lower the amount owing on your loan, so borrowers will only be charged interest on the difference. Offset accounts provide mortgage owners with flexibility to reduce the interest payable for the current period without having to fully commit the funds as a lump sum repayment into the loan. The Convego® Parley Ocean Card created from intercepted and upcycled marine plastic waste is coming soon to those with an offset account linked to a WLTH home loan. This means the WLTH Offset will have a linked debit card.

Mortgage owners may elect to make extra repayments to reduce the interest charged over the life of the loan. A redraw facility allows borrowers to access these additional repayments made over the minimum requirement and use it as you wish. It is important to note that a redraw facility may not be used for everyday transactions like an offset account.

Environmentally friendly products have gained popularity through the years as the latest research emphasises the need for sustainability and a new way of living. The new age of consumers tend to gravitate towards ethically sourced goods with biodegradable packaging. The retail products we choose to support make a difference, and the same should be true about our home loans.

WLTH has a deep affinity for our oceans. It is our ultimate life source, supporting humanity’s very existence, yet our modern civilisation has done very little to take care of it. Unfortunately, marine plastic pollution continues to flow through our waters daily. Plastic is a design flaw that never breaks down, but instead breaks apart – entering the marine food web and contaminating ecosystems as microplastic.

In an effort to make a lasting difference, WLTH has partnered with Parley for the Oceans, a global nonprofit environmental organisation that focuses on protection of the oceans. For every settled loan with us, 50m² of beach and coastline will be cleaned up by our team alongside Parley.