An Offset Home Loan Account is a feature offered by most banks that allows borrowers to link their savings or transaction account to their home loan. The balance in the linked account is then used to offset the outstanding principal amount of the home loan. The interest is calculated based on the reduced loan balance, resulting in potential interest savings for the borrower.

Purchasing a home is a significant milestone for anyone, including expat Australians. However, navigating the complexities of securing a home loan while living abroad can be challenging. From understanding eligibility criteria to choosing the right loan product, there are several factors expats Australians need to consider.

Navigating the world of finance can often feel like push your way through a sea of confusing terms and acronyms. I'm here today to demystify some key concepts that every homebuyer in Australia should be familiar with.

Buying your first home is a major milestone in life, but it can also be an intimidating task, especially when it comes to financing. To make this journey easier for aspiring homeowners, the Australian government has introduced the First Home Buyer Government Scheme.

Increased Borrowing Power One scenario explored highlights that single Australians with no dependents earning $120,000 per year in FY24, who could borrow a maximum $615,135.18, will increase their borrowing capacity in FY25 by $27,061.93 on a mortgage based on a 6.28% interest rate to $642,197.44.

Understanding the difference between good debt and bad debt is crucial for making sound financial decisions. In this blog, we'll explore the concept of good debt vs. bad debt throughout life.