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Are Current Account Or Offset Mortgages Made For You

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




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