AusFinance

979 readers

6 users here now

founded 1 year ago

MODERATORS

Is there any benefit if the bank direclty takes out monthly repayments for my mortgage from my offset account instead of savings account ? (aussie.zone)

submitted 2 months ago by [email protected] to c/[email protected]

21 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 2 months ago (1 children)

We throw a bit over our mortgage every month into our offset. The offset account is nearly 40k, and it counts towards 'paid off' for interest purposes. It's worth doing as it can grow your offset, and reduce your payments. Think of it as extra payments you can 'claim back' if need be.

permalink
fedilink
source
hideshow 2 child comments

[–] [email protected] 1 points 2 months ago

Thanks

permalink
fedilink
source
parent