borrowing

Mortgage offset accounts: An explainer

“Mortgage offset accounts”, “offset home loan”, “interest offset account” or simply “offset account” — they are all interchangeable labels for the same financial product provided by banks. It is essentially a savings account that is linked to a loan account. An offset facility contains two bank accounts: (1) a transaction account (meaning you have access

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If your client’s business loan is knocked back, what can they do?

Despite their best efforts, business owners can still be denied finance when applying for a loan from a bank or other financial institutions. And while a loan refusal can be disappointing, and potentially set back business plans, it can also be an opportunity for a business owner to investigate their business finances and make any

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