EPISODE · Jul 14, 2024 · 7 MIN
TCC 56 - Home Loan Tips - Redraw vs Offset
from The Chasers Channel - Empowering Small Business Owners to Achieve the Dreams They Are Chasing! · host Chris Beks
Managing your home loan effectively is all about chipping away at that debt as quickly as possible. Every dollar you pay extra goes towards the principal amount, reducing your loan balance and, in turn, the interest you pay. Having a redraw facility or offset account on your home loan product can be a powerful feature for reducing your interest payments. This episode discusses how each work and their points of difference.
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TCC 56 - Home Loan Tips - Redraw vs Offset
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