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Ratebusters wins "Mortgage of the Year" for 4th time *Ratebusters Fightback Product has in 2010 being voted Australia's best home loan once again. see link below: http://www.ratebusters.com.au/mortgageoftheyear.asp The bottom line is that this company and product is not to be...

Ok, I'm about to clarify a bit further. After reading your comments and checking my Ratebusters statements, here is how it works/reads as an example on the statements: there is an offset account (titled "X OFFSET") linked/attached to the loan account (titled "X TERM FULL DOC LOAN")...

Well I'm glad you asked. This is my real life experience, not just speculating like a lot of others from this post. Yes it really is an OFFSET. The way it works is they charge you the full interest payments on the anniversary date, and a few days later they credit back your account your...

**This is a worry I do have. When my fixed rate expires will they heavily increase rates above the standard variable to make up? Time will tell.

I did not go thru First Mac directly. I used Ratebusters who were using First Macs funds. The product Ratebusters offer is a 100% offset which is superior to a redraw. I made sure this was the case. It pays to heavily do your homework, and negotiate, negotiate, negotiate hard. I even...

About 4 months ago I refinanced with Ratebusters. The offer was 2.99% fixed for 1 year, then goes to the standard variable. I also have 100% offset - yes it's an offset, not a redraw. No establishment fees. This product will save me thousands of dollars, especially this year now rates are...