offset

G'day Paul, I currently have funds invested with a major peer-to-peer lender on a five-year basis, earning around 7% annually - interest paid monthly. I'm about to get a mortgage for a new home build at 2.49% variable. Would I be better off ... More

When planning for kids, it can be easy to focus on the baby stage - preparing for long nights and endless nappies. But where will you send your kid to school - public or private? Educating your kids in the private system is a long-term investment in ... More

The cliff is fast approaching for people using JobKeeper to help pay their mortgage. The benefit ends on March 28. The big question is will they have to sell their home if they can't pay their mortgage? And what can they do if they have deferred ... More

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