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Category Archives: save money

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save money

How redraw and offset accounts can save you money

Most Popular, save moneyBy Terry FeduniwNovember 1, 2017

Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw facilities allow you to deposit spare income into your home loan account, allowing you to redraw a sum equal to the…

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