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An “Offset” loan establishes
a link between a client’s savings or transaction account
and their mortgage and allows the interest charges in
the mortgage account to be ‘offset’ by the interest
earned in the savings account. This type of loan allows
some value to the borrower from their saved funds.
The earnings from the offset account reduce the cost
and term of their mortgage. These loans vary according
to how much interest can be offset and how the offset
is calculated. So the value of this loan can vary according
to the income and savings position of the borrower.
We have
access to many lenders and products.
Eg: $200,000 owing,
$30,000 in saving account = interest calculated on $170,000.
In fact we have access to over 700 loan products from
Basic Home Loans to Professional Packages.
Once
you have chosen which loan to go with, your assigned
and dedicated mortgage broker will then assist you through
the whole loan application to loan approval and settlement
process, plus, your broker will continue to be there
for you in the future when you need further finance,
property and loan related advice or assistance.
Contact
us today for a free consultation.
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