Will

5 years ago

Hey Ranin,Video is easier! https://****com/watch?v=4ynizlV58kwCheers,Will

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Shamim

5 years ago

Hi Ranin, Offset account generally used to save an interest. Its just an another savings account with an offset feature. Example:#loan amount: $400k#suppose you have $50k savings in your offset account. Hence, an interest will be charged on $350k ($400k - $50k = $350k) For more details please call 04**** 593 or email s****@catm****.auKind RegardsShamim Anwar

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Brian

5 years ago

It is very simple. It is an account which is attached to your mortgage repayment account . The Offsett aa count is one into which you cam have your income directed to and pay bills from , just like a normal account. The difference being, whilst you have funds in this account it will serve to reduce the interest baring amount on your mortgage account, thus saving you manoy.

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Marti

5 years ago

... and the example of the calculation is at this link:http://y****.au/offset-account-example/Please fell free to use the calculators on my webpage to play with the numbers.Best regards,Marti

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Marti

5 years ago

Hi Ranin,please find an explanation and example at this link:http://y****.au/the-power-of-offset/Best regards,Marti NemetYour Loan So****@your****.au

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