Hi,
I've read on SS a while back that some lenders don't offer a true offset account.
From memory this particular lending facility (possible St George) any funds in the offset account doesn't reduce the monthly payments but reduces the principle.
Can anyone tell me who offers an offset acct that does reduce the monthly payments or if this is the norm which lending facilities have T&C's that dont reduce the monthly payments.
Cheers
I've read on SS a while back that some lenders don't offer a true offset account.
From memory this particular lending facility (possible St George) any funds in the offset account doesn't reduce the monthly payments but reduces the principle.
Can anyone tell me who offers an offset acct that does reduce the monthly payments or if this is the norm which lending facilities have T&C's that dont reduce the monthly payments.
Cheers