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- Counterbalance Account An offset membership are a consistent offers or purchase account you to definitely is related to your residence financing account. The cash on your own offset membership is used in order to offset the quantity of the loan, making it possible to reduce the lives and cost of your financing, versus tying up all financing. Eg, for those who have an amount borrowed off $250,000 and you will an extra $15,000 in your linked counterbalance account, you’re just charged desire on $235,000 of your loan amount.
- Redraw Studio Which have a mortgage redraw studio, you can access any additional finance you have transferred into the home financing account. Read More