Tom Hawley
Region: AU
Sunday 26 May 2024 05:31:15 GMT
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A🔥 :
Is it the same benefit to add the money straight onto your loan? Or does it benefit more having both money in an offset and extra money paid onto your loan?
2024-06-01 08:27:59
2
Shenay poppi :
All our accounts are offsetting our loan & it’s 100% worth it, so helpful!
2024-05-30 21:36:12
1
Brit :
Can you explain to me what the difference is with offset and redraw accounts?
2024-05-27 01:57:10
1
Amber :
Are you penalised if you have to withdraw that money from your offset account?
2024-05-30 13:06:47
2
Green BAY :
My mortage is 500,000. So if I had 500,000 in my offset and I didn't want to use that to pay off the house. I would just be paying principal only?
2024-07-02 11:27:40
2
HVtechnician :
Great but why wouldn’t you invest that money on an etf in the stock market and earn 10% instead of saving 6%
2024-05-29 11:10:01
1
Sav :
would it not be better to just put that money into the mortgage?
2024-06-13 06:03:27
0
Aaron Blackwell :
Isn't just changing your weekly repayments to pay more than the minimum monthly repayment the same thing?
2024-07-12 16:03:25
0
Sincro :
Is the limit of the offset account the difference between the loan and the value of the property or asset?
2024-07-21 06:39:00
0
Chris :
And you don’t have to pay tax on the interest savings.
2024-05-26 21:53:43
0
Littlebitofnothing11 :
But what if you have paid that 20k towards your mortgage? That would reduce overall interest and fees but are you better off?
2024-06-19 08:16:38
1
king ranch pepperino 🇦🇺 :
the offset doesn't earn interest which is why it's offset to the loan. plus the funds could be added to the loan to shorten the debt. but most people can't keep their hands off the funds.
2024-05-26 22:26:25
1
Aaron | The Mortgage Man :
super great tool to have
2024-05-27 01:28:37
1
Meowstronaut :
I got no idea what an offset account is 🤷♂️
2024-07-16 13:45:02
0
Home Loan Insider :
well explained 💪.
2024-08-14 12:16:38
0
jjc :
My bank told me Money in my offset will reduce interest payments but will NOT reduce loan duration got me confussed
2024-08-01 08:31:33
0
Bella10198 :
What are your views on them for investment loans though considering that the interest on an investment loan is tax deductible.
2024-07-17 07:38:31
0
Crocco :
Is that paying fortnightly or monthly?
2024-07-13 08:03:27
0
🙃Maf🙂 :
if you have 2 home loans, can you link all your offset accounts to both of them or you can only assign one offset per home loan?
2025-08-02 05:51:46
0
Wherenextnicole :
How do you calculate the savings you are making?
2024-06-14 10:34:13
0
walshy090 :
when we got our mortgage a redraw vs offset was less interest. Can you explain why?
2024-08-23 04:12:05
0
00NO :
it's also 2% higher interest rates...banks always win
2024-08-14 07:23:29
0
hdjdinsbdj :
If i have an extra $100 per week should I put that towards my mortgage or into my offset account?
2024-07-08 00:21:35
0
layla (✿ᴖ‿ᴖ)∘*₊☆ :
i have $200
2024-06-23 06:34:58
0
prince_la92 :
What happens if your interest only ?
2024-05-27 02:56:53
0
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