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An offset account enables a borrower access to their savings accessible and still benefit from reduced home loan interest charges. This article will take you through what an offset account is, how an offset account works and key considerations for borrower’s contemplating using an offset account with their home loan.

A guarantor home loan sees a family member promise a bank they will meet the terms of the loan contract if a borrower fails to do so. This is more than a “hand-shake” agreement. It will involve the guarantor handing over property or cash as extra security in addition to signing a legal contract called a deed of guarantee.

More borrowers are turning to mortgage brokers for home loans than ever before. Almost 70% of borrowers in the March 2022 quarter used a mortgage broker for their new home loan.

So, what does a mortgage broker do? My guide explores 116 ways a mortgage broker can help a borrower.