The Mortgage Offset Repayment Calculator provides a snapshot of the effect when monies sit in an offset account. The Offset Repayment Calculator also shows how much interest is saved over a certain period. The effect is similar to additional monthly payments with the difference being, the offset facility provides the additional principal reduction.You will find the following will occur:
- Expected interest savings and
- A reduction in the home loan term
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Disclaimer: The information provided to you in the Home Loan Offset Repayment Calculator does not constitute “personal advice” for any purpose. The Home Loan Offset Repayment Calculator is provided to you as an information service only and it should not be relied upon as a substitute for financial, home loan or other professional advice. The information does not take the investment objectives, financial situation and particular needs of any particular person into account. It is not to be construed as financial advice or a recommendation of any financial products, including home loans. Before making an investment or home loan decision on the basis of the information provided by the Home Loan Offset Repayment Calculator, you need to consider whether the information is appropriate in light of your particular investment or home loan needs. The Home Loan Offset Repayment Calculator has been developed by AFC Online. AFC Online is responsible for maintaining and updating the Home Loan Offset Repayment Calculator. For any further enquiries you can contact us directly and one of our customer care consultants will be more than happy to assist you.