Strategies to Reduce Your Interest Payments With An Offset Account
What is it and how does it work? An offset account is a cash account that is linked to your home loan. The bank will apply monthly interest charges (calculated daily) on your mortgage based on your home loan balance minus your offset account savings. For example, if your home loan is $450,000 and you […]
Offset Account: You Could Cut Years Off Your Mortgage
Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset account can help you reduce interest payments, save on tax and pay your mortgage off years ahead of schedule. What is an offset account? With an offset account (also called an offset loan, interest offset account, mortgage offset […]