🏦 Offset Accounts Explained Simply: Pay Less Interest, Faster An offset account is simply a transaction account linked to your mortgage. Think of it as money in the bank — but every dollar in it reduces the interest you pay. Here's how it works: If you have a $350,000 mortgage and $50,000 in your offset You'll only be charged interest on $300,000 (your mortgage minus the offset balance) It’s like earning interest at your mortgage rate — without actually earning interest. Want to save thousands

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Variable home loan with offset