revolving line of credit

What’s a mortgage ‘offset’?

By |2023-03-02T21:17:14+00:00March 2nd, 2023|Finance, Interest Rates, Kids, Mortgages|

Mortgage offset facilities, for those who are unfamiliar with the idea, are a feature of some homeloans that allow borrowers to utilise their savings to lower the amount of interest they pay on their loan. In essence, the borrower's savings are "offset" against the outstanding balance of their homeloan, lowering the amount of interest they

Go to Top