Homeowners use offset mortgages to reduce the amount of interest they pay by applying their savings balance against their mortgage debt. While this strategy can be beneficial for some, this type of ...

For most people with a mortgage and offset account, the goal is to maximise cash in the offset in order to reduce the interest they pay on their home loan. A strategy some swear by, to achieve this, ...

Offset accounts remain a popular feature in the Australian mortgage market, but new research warns they may be reinforcing wealth inequality. Homeowners most likely to benefit are typically ...