Redraw is a feature which lets you make extra payments on your mortgage and then reborrow the money when you need it. Typically redrawing extends the term of the loan or increases the repayments.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). redraw. Retrieved September 20, 2026, from http://smartdefine.org/redraw/definitions/1161992 |
| Chicago | Barry Goldsmith. 2010. "redraw" http://smartdefine.org/redraw/definitions/1161992 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, redraw, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/redraw/definitions/1161992>. |
| MLA | Barry Goldsmith. "redraw" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/redraw/definitions/1161992> |