Tips

Offset account diagram

Offset accounts: Use them to save you money…

Offset accounts:
Use them to save you money…

Offset Offset Accounts Diagram

  • Line of credit interest rates are higher:
    • aim to pay this loan off first.
  • Fixed rate loans have break costs for additional repayments:
    • pay the minimum repayments
  • Multiple offset accounts will let you separate savings & day-to-day banking.

More Posts

Pre-Approved loans

A loan pre-approval is written confirmation that a lender has reviewed you and your current financial position and is prepared to lend you money up to the pre-approved loan amount.

First Home Buyers – Family Assistance

The family could provide a gift of money to the purchaser. If it isn’t to be treated as a repayable loan by the bank, then the family member giving the gift will need to provide a statutory declaration signed by a Justice of the Peace.