Pay Less Interest - Offset vs Redraw?

Aus Property Mastery with PK · Mar 20, 2023 · 12m

Redraw Facility vs Offset Account Explained Property Investing In Australia Is A Game of Finance You may be paying too much interest on your home loan! Offset Account Pros: Liquidity / control No approvals required No minimum amount you have to redraw or fee No tax implication, you loan is still deductible Offset Account Cons: Poorer rates Redraw not considered an asset Sometimes offset accounts come with an annual charge Sometimes you can’t offset 100% but with redraw you can Discussion Points: 00:00: Introduction 02:12: Offset and redraw? 03:03: Offset account vs redraw facility 03:17…