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Everyone assumes an offset account is always a good idea. But is it actually worth it for your client – or are the extra fees and potentially higher rate eating into the savings?
In this video I’ll cover:
How to calculate offset savings vs the extra fees and possible higher interest rate
When to suggest multiple offsets and why
Difference between offset and redraw (especially useful for clients with investment lending)
How an offset account works when linked to an IO loan vs a P&I loan
Offsets on fixed and variable loans
By the end you'll be able to have this conversation with confidence.
Everyone assumes an offset account is always a good idea. But is it actually worth it for your client – or are the extra fees and potentially higher rate eating into the savings?
In this video I’ll cover:
How to calculate offset savings vs the extra fees and possible higher interest rate
When to suggest multiple offsets and why
Difference between offset and redraw (especially useful for clients with investment lending)
How an offset account works when linked to an IO loan vs a P&I loan
Offsets on fixed and variable loans
By the end you'll be able to have this conversation with confidence.
