offset

Hi Paul, We have recently purchased a vacant block of land and are going to build a new home to live in. The total value of the land and house is about $900,000 and it should be completed in June 2021. We paid off our current townhouse, valued at $630,000 ... More

I'm wondering where to move some of our cash, which is in our offset account, along with our monthly savings. While I appreciate the safety and guaranteed rate of return, it doesn't seem to be the best way to grow this money into something more meaningful. ... More

If you're financially secure enough to cover your own financial needs, you might be thinking about transferring wealth to your children or grandchildren. Firstly, you need to understand your reasons for transferring wealth, and the problems that ... More

I'm 28 and my partner is 27. We have a one-year-old child. I work full time and my partner part time. Our combined income is about $180,000pa; the mortgage on our house is $320,000 with $100,000 of savings in an offset account. I have $130,000 in ... More

Through reading and learning from Money over the years, I've minimised interest costs by having our mortgage with a non-bank at competitive rates and an offset account. In these uncertain times we are in, I'm worried that a non-bank is not covered by ... More

ME Bank has reversed its decision to slash home loan redraw limits just days after coming under fire from customers. The bank cut redraw balances on what it called legacy home loans written more than five years ago, but only notified customers after ... More

ME Bank has come under fire after customers received letters telling them the redraw balances on their mortgages had been significantly cut without any warning. One letter from ME Bank, seen by Money , showed a customer's redraw balance had been ... More

Finding a mortgage that appropriately reflects your situation takes more than just finding the lowest interest rate. Ben Kingsley, managing director of Empower Wealth and co-host of The Property Couch podcast, gave Money the inside scoop on some of ... More

When the unexpected happens and the regular pay packet stops, how prepared are we to pay the bills? Holden announced around 600 redundancies this week, following regular rounds of redundancies in the retail, financial and media sectors as well as the ... More

We are in our early 50s, with two teens still living at home, and we have been paying down our mortgage while topping up our offset account as quickly as possible. We have about $80,000 to go until we no longer pay interest. However, given interest ... More