Revolving credits vs offset accounts - what are they, and what’s the difference?

Wondering how to slash thousands off your mortgage and outsmart the bank's interest rates?
Ed, an economist at Opes Partners, demystifies the world of revolving credits and offset accounts in this must-watch episode of Property Now.
Discover the key differences, benefits, and how to decide which option is best for your financial goals.
From understanding how each option works to learning the crucial questions to ask yourself before choosing, this video is your ultimate guide to making informed mortgage decisions.
Book your portfolio planning session & create a plan with a financial adviser.
www.opespartners.co.nz/book-y...
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[@ryanbakerr5860]

Great video

[@wyldcyde]

Revolving and Offset are also set at floating rate for interest payments which can be significantly higher than fixed rates. For offset this can mean minimum repayments are quite high relative to the fixed portion of loans.

[@Navyopen]

In a property investment context probably also worth calling out that if revolving is being used through personal surplus cash going in, the drawing this out again for personal reasons is considered "new personal lending" i.e. reduces the overall tax deductability of the loan interest amount over time