Offset Accounts: Making Your Money Work While It Waits
Photo by Andre Taissin on Unsplash Most of us have money that spends at least some of its life waiting. Your salary arrives before the mortgage payment is due. Money accumulates for rates, insurance or a holiday. There might be an emergency fund sitting there that you hope you won't need. Or perhaps you are simply building up savings over time. An offset account can give that money something useful to do while it waits. What is an offset account? An offset account is a transa
Offset vs Redraw: What’s the Difference — and Why It Matters More Than You Think
there are two primary tools that allow you to do this: the Offset Account and the Redraw Facility. Mathematically, they achieve the same result.Behaviourally, they are very different.
ASIC’s Probe into Mortgage Offset Accounts: What It Means for You
Discover how ASIC's probe into Offset Accounts affects your mortgage savings. Learn to ensure your Offset Accounts are set up correctly.
Home Loan Offset Accounts: How They Work and Are They Worth It?
Discover if Home Loan Offset Accounts are worth it for you. Learn how they work and maximize savings on your mortgage. Are Home Loan Offset Accounts worth it?
Understanding Mortgage Interest Rates: What Every Borrower Needs to Know
Your home loan should work for you — not the other way around. With the right knowledge and a proactive approach, you can take control of...
7 Telltale Signs It’s Time to Refinance Your Home Loan
Your home loan isn’t something you should set and forget. As the market and your life evolve, so should your mortgage. It’s worth having a conversation about refinancing.