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No worries. You may find cheaper variable rates with no frills products that don't come with an offset. Cheers Jamie

Dave has done a good job answering. Offset - it's a bank account linked to your home loan. Having money in the offset reduces the interest on your home loan. For instance, if you have a $10 loan and $1 in the offset - you only pay interest on $9. Redraw - is when you have a $10 loan, pay...