How a Mortgage Offset Saves You Money

A mortgage offset can save you interest on your home loan.  To calculate the interest you pay, the total in your mortgage offset is subtracted from the balance of your home loan and the interest is charged on the reduced amount.  Effectively, this reduces the amount of interest you pay.  By paying less interest, more of your repayment goes towards paying off your home loan sooner.  Please review this infographic to see how this works and how you can benefit from it.

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