Customers with one of the big four banks saved an average of $1154 on their home loan last year with an offset account. Here’s how to get the same cost savings, and more.
An offset account, a transaction account that’s linked to your home loan, comes with the benefit of potentially reducing interest payable on your loan. Any money you have in your account is “offset” against the balance of your home loan, meaning the more money you keep in your offset, the less you pay in interest.
(A redraw facility serves a similar purpose, allowing you to make extra repayments in addition to your home loan repayment, while enabling you to redraw funds if you need them).
Interest rate comes first
But the interest rate is key and any other nips and tucks to pay your mortgage faster will pale in comparison to the singular act of getting your rate as low as possible.
この記事は Money Magazine Australia の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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この記事は Money Magazine Australia の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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