If you have taken an offset mortgage, you can use a home loan offset calculator. It will show you how much interest payments and time you can save by using an offset account. If you are new to offset mortgages, you can receive several benefits from this calculator.
A home loan offset calculator helps you know whether a home loan offset mortgage matches your financial circumstances or not. Thus, if you want to know whether an offset mortgage matches your finances or not, the calculator will show you concisely what you must know.
You need to enter the right information in the given fields. As a result, it will help you calculate the monthly repayments and interest saved.
Offset Account Balance: You need to input the credit that you’ve maintained in your offset account. If you have high credit in your offset account, it simply means more time and money saved as it will help maintain a higher balance. Input all the details of your loan plan, and you will get instant results in front of you. The calculator will show your monthly repayments, time saved, and interest saved if you use the credit in your offset account. For further details, you can contact Star Homeloans.