Offset account – a useful tool for property investors

An offset account is a transaction account linked to your home loan which have similar interest reduction benefits as a redraw facility. Imagine¬†you have a $500k home loan at 5% with $50k sitting in your 100% offset account, the interest payable will only be calculated based on $450k. You will save approximately $142,180 in interest … Continue reading Offset account – a useful tool for property investors