Offset Mortgage Calculator
An offset mortgage is made up of two accounts;
mortgage and savings. You will only pay interest
on the difference between the mortgage and the savings.
Offsetting has tax advantages and allows more
of your monthly mortgage payment to be used to reduce
the mortgage balance, so your mortgage will be repaid
sooner saving you interest.
An offset mortgage allows you to make deposits
and withdrawals in the same way that you would had
you kept your mortgage and savings accounts apart,
so you will always have access to your savings.
An offset mortgage could enable you to
repay your mortgage sooner.
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