Posted in offset

Did you know that more than half of Australian mortgage holders could be losing thousands without even realising it?Recent research from Money.com.au shows that 57% of Australians have never checked if their offset account is correctly linked to their home loan. This simple oversight could cost borrowers over $111,000 in extra interest over a 30-year loan term on a $600,000 mortgage at 5.50%.What’s going on?Many homeowners assume their lender automatically links their offset account to thei...

Spring is one of the busiest times in the property market. If you’re planning to buy your first home, you’re likely seeing more listings, and more competition. That’s why being prepared matters, not just with your budget, but with understanding your loan options.BOOK NOWBeyond interest rates, there are features in your home loan that can help you save money over time. Two of the most common are redraw facilities and offset accounts. They both help reduce the interest you pay, but they w...

Effectively managing your home loan can provide greater flexibility and help you pay off your mortgage faster. A redraw facility is one way to reduce interest costs while still having access to extra funds when needed. Here's what you need to know.What is a redraw facility?A redraw facility allows you to access any extra repayments you've made on your home loan. Instead of simply reducing your loan balance, these funds can be withdrawn later if necessary.How does a redraw facility work?For exam...

Paying off your home loan sooner can save you a significant amount of money in interest and help you achieve financial freedom faster. But the key is to control the controllables. Most of us hope and pray that interest rates will come down, that we'll get a pay rise, or that we'll have money left over each month. But relying on external factors won't get you ahead.Ready to take control of your financial future? Keep reading to discover three powerful strategies that can help you pay off your hom...

Navigating the world of home loans can be overwhelming, especially for first-time buyers. With numerous lenders offering a variety of mortgage options, it’s crucial to find the right one for your financial situation and goals. A mortgage adviser like us can help simplify the process. Contact us today to discuss your options.BOOK NOW1. Principal and interest loansMost home loans consist of two key components: principal (the amount borrowed) and interest (the cost of borrowing). A principal a...