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Offset Mortgages Offer a Good Deal
The market for cheap offset mortgages has been opened up, giving the mainstream mortgage borrower the opportunity to save themselves thousands of dollars.
An offset mortgage works by deducting any current account funds or savings from the overall cost of the mortgage. Once these funds have been deducted, a final balance of the mortgage is reached. Interest is only paid on this final balance, meaning that homeowners can potentially pay off their mortgage faster.
So, if you had a $200,000 mortgage, $8,000 in savings and an average of $1,000 in your current account, you would have a mortgage debt of $191,000. Additionally, with products such as low introductory rates, offset mortgages have been made more affordable for more homeowners.
Offset mortgages combine full flexibility with maximum convenience; making them an excellent option for many home buyers. To enquire further about offset mortgages, or any of our other products, simply contact one of our mortgage lenders.
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| If you are a first time buyer or have your own property portfolio, with over 500 home loans available we help you through the process.
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| We are able to provide an unparalleled home loan refinancing service to all our clients. For a no obligation quotation service contact us now. |
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| Mortgage Brokers .net.au can arrange the most appropriate commercial property investment mortgage for your needs. Call our team today. |
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| If you are self employed or hold an ABN number, or if you have difficulty in proving your income we can find a home loan for you at competitive rates |
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| Banks are saying NO. Or if because you have Defaults, Home Loan Arrears, or are an ExBankrupt? We can help negotiate the right deal for you. |
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