Offset Mortgages: What You Need To Know

Offset mortgages are becoming popular for borrowers who want to take control of their finances. By linking savings accounts to their mortgage, borrowers can offset the balance of their mortgage against savings. This can lead to significant savings and flexibility, though offset mortgages typically have slightly higher interest rates and require a decent amount of savings. Nonetheless, for those who can take advantage, an offset mortgage can be a powerful tool for managing finances and reducing interest payments.