For many of us, home loans tend to be a set-and-forget part of our finances. So what do we do if interest rates get a hike out of the blue? Repayments increase, and disposable income or savings take a hit. Any lender can choose to change their rates at any time for any reason. The […]
Tag Archives: offset account
27
May
May
Most mortgage terms run for a maximum of 30 years. While convenient to stick with standard repayments over the full term, there are some easy things you can do to pay your loan off quicker and be mortgage-free. Here are 5 tips any home owner can use to shave years off their mortgage. 1. Shop […]
16
Nov
Nov
What is a Mortgage Offset Account? How does it work? Many of us have heard of the term “offset account” when talking about home loans, but do we all know how it works? An offset account is just what it sounds like. It’s used to offset the balance of your home loan, which means you’ll […]
09
Jun
Jun
OFFSET ACCOUNT COULD CUT YEARS OFF YOUR HOME LOAN Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset loan can help you reduce interest payments, save on tax and pay your mortgage off years ahead of schedule. What is an […]
20
Apr
Apr
How does an offset account work? So most of us have heard the term ‘Offset account’ and we know with a Home Loan offset account we can save thousands of dollars and even shave years off the life of our Home Loan… but how does it really work? In a nutshell, an Offset account involves […]