The RBA hiked to 4.60% and your lender is likely passing it on. Here’s what that does to your repayments, what each dollar in your offset is now worth, and a two minute check that it’s actually linked.
Redrawing from an investment loan can quietly turn deductible debt into non-deductible debt. Here’s why offset accounts don’t have the same problem, with a worked example.
Home loan statements are full of jargon. Here’s what each line actually means, and which figures to check if you have an offset account.
Don’t have an offset account yet, or refinanced and lost yours? Here’s how to open or re-link one, and what to check before you do.
Both reduce your interest by roughly the same amount. Here’s how to decide which suits you, and why many people use both.
They both cut your interest bill, but they work very differently and have very different tax implications if your property becomes an investment.
With interest rates near decade highs, every dollar in your offset account is working harder. Here’s the maths on why, and how to make sure you’re getting the full benefit.
Use this guide to check your mortgage offset account is set up, linked, and actually cutting your interest payments.
Offset accounts often come with an annual fee. Here’s a simple break-even approach to work out whether the interest you’ll save is likely to outweigh it.