Mortgage Offset Accounts Explained

Written and accurate as at: 4 May 2015

If used correctly a mortgage offset account can help to speed up the repayment of your home loan, reducing the amount of interest you pay over the life time of the loan. This video explores some of the ways you can utilise an offset account to further reduce the interest expense on your home loan.

For those interested, you can also check out our Tips for Reducing Your Home Loan using an Offset Account and explore other strategies to reduce your debt faster in our article Debt Management Basics.