For Australian home buyers, most lenders require a 20% deposit to avoid Lenders Mortgage Insurance. However, some buyers can purchase a property with deposits as low as 5%, particularly through government first-home buyer schemes. For example, on a $700,000 home…

For most borrowers, the choice between a redraw facility and an offset account feels trivial. Both aim to reduce the interest you pay on a home loan (put extra money into your loan now, pay less interest later). Day to…

When it comes to home-loans in Australia, a feature called an offset account often earns a near-heroic reputation. Put simply: you link a transaction account to your variable-rate home-loan, deposit your salary, savings or other funds into that account, and…