but how much higher would the interest rate be (compared to a standard mortgage)?

Hi Richard"Most of our customers are paying 5.05% with 100% offset on loans more than $250K."how much would the interest rate be for a similar loan amount with a standard mortgage that is not off-set? would the overall entry/exit fees be the same?

i've always thought an offset account was good in principle, but the interest rate on these accounts is higher than that of standard mortgages.How can you determine at which point the additional interest rate cost of the off-set account is compensated for by the benefits of the account?

thanks for the info1. whats your opinion about  the finanical pros/cons of whether to buy a cheaper house without mortgage or a more expensive one with mortgage?my current thinking is that I would be fairly happy in a $1.5mill house without mortgage and no financial stress/risk – but alternatively I could buy something closer to my dream house…[Read more]