Easiest Way to Pay Off Your Mortgage FASTER in Australia (and save thousands!) [mamyTtVk3VQ]
If you're a mortgage holder, you know all too well the frustration of paying hundreds of thousands in interest over the life of your home loan. But did you know you can wipe years off your mortgage and save hundred of thousands in interest, using the power of an offset account? In this episode we breakdown: • What is an offset account and how does it work? (in simple terms) • How much could you save? We compare scenarios with $10,000, $50,000 and $100,000 in an offset account to show you the potential interest savings • Our tips to maximising the benefits of an offset - so you can live mortgage free faster • Should you save or invest? We weigh up whether your savings are better spent in an offset account or invested in stocks Links referenced: • Listen to offset v debt recycling v superannuation (on Equity Mates Investing 1:01 Saving hundreds on your mortgage 0:50 Rowena’s question on offset accounts 2:22 How an offset account works 5:10 Benefits of multiple offsets 7:00 Saving interest & reducing loan term 9:57 Savings breakdown for offsets 10:55 Extra payments vs. lump sum 11:50 Offset vs. investing – which is better? 14:41 Balancing mortgage & investments 16:42 Final thoughts on financial strategy ——— Want to get involved? - Join our daily mailing list to stay up to date on all things in business and markets: - Have a question? Record a voice note (or send us a message on our website ( - If you prefer to listen to the daily headlines you now can: (| (- Join the conversation in the Facebook Discussion Group - Looking for professional financial advice? - Check out our 2 bestselling books: - Instagram: - X: - TikTok: - LinkedIn: ——— Get Started Investing is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.