Not all home loan products offer them – and not all lenders offer loans that can have multiple offset accounts attached to them.
But some do, and they may be a good way to help pay down your mortgage sooner. 
In a nutshell, an offset account is a transaction or everyday banking account that is linked to your home loan.
The advantage is that you only pay interest on the difference between the money in your offset accounts and the mortgage total.
Compare the Market crunched the numbers and found having just $25,000 in an offset account over the life of a $500,000 loan (rate of 5.84%) could see you slash over $100,000 off your loan interest, and may reduce your home loan term by almost three years. 
So, if you’d like to explore loan options that allow for multiple offset accounts to be attached to them, get in touch today to explore your refinancing options. 
To find out more, contact Janine on:
– 0499 111 188
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