Are Current Account Or Offset Mortgages Made For You

In the case of an offset mortgage, your main bankaccount of $25,000, you will pay interest only on
current account and/or savings accounts are linked to$75,000. As a consequence, when your current
your mortgage. Each month, the amount you owe onaccount and savings balances go up, you pay less on
your mortgage is reduced by the amount in theseyour mortgage. As they go down, you pay more.This
accounts before working out the interest due on thetype of mortgage can also be tax-efficient if you pay
loan. For instance, if you have an interest-onlytax on your savings.
mortgage of $100,000 and have savings in your offset