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#421 Mortgage offset account vs redraw

Mo Money

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Mortgage Strategies: Offset vs. Redraw

This chapter explores the differences between mortgage offset accounts and redraw facilities, focusing on their implications for homeowners. It highlights the benefits of each, emphasizing the immediate interest savings offered by offset accounts and the strategic advantages of making extra repayments. Additionally, the discussion covers tax considerations and the importance of financial planning when navigating property investments.

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