Offset strategy
Set up your new mortgage strategy and banking arrangements
It may not always be practical to separate each of your accounts in your Money Management System for different reasons. The most common reason for not having all of your bank accounts as offset accounts is because the lender that you end up selecting only allows for one offset account to be linked to your variable rate home loan. In which case, you may elect to:
- Have only one account, which is your offset
- Have your ‘Grow’ account as your offset account and other spending accounts such as ‘Life’ and ‘Fun’ as regular transaction accounts
Contact us today to book in a free confidential property planning, strategic mortgage broking, money management or property select meeting.