What is an Offset Account?An Offset Account is an everyday savings bank account which is linked to your home loan. The money you deposit into your Offset Account can be used to reduce the interest you pay on your mortgage while giving you total access to Offset Account funds anytime. What is a Redraw Facility?A Redraw is a feature of…
Millions of Australian homeowners who have a variable rate home loan will experience an increase in their monthly mortgage repayments due to The Reserve Banks’ interest rate hike in recent months. While the cost of living continues to increase and income remains unchanged in most industries, a lot of homeowners feel uncertain about the future of their loan repayments. Here…