Explainer: how redraw and offset accounts can save you money
Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged by applying extra money to your debt. You might be making extra repayments to shorten your loan as described here http://keyfinance.com.au/extra-home-loan-repayments/ . So what’s the difference? Redraw facilities allow you […]