How an Offset Mortgage Can Help you Save Thousands on your Home Loan
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Channelling your everyday income and savings onto your mortgage can have a dramatic effect on the total interest payable and the term of your home loan.
Less interest charged, mortgage free faster! It’s that simple.
On average based on a $900,000* Home Loan our clients are on track to save no less than $220,000 in interest and shave 13 Years off the life of their loan.
It’s all about making your money work harder for you and not for your bank. Even if you only have a little savings and left over money every month, a personalised mortgage structure will work wonders for you.
This is the beauty with Revolving Credit and Offset Mortgages…
The downside with Revolving Credit is that there is one account only.
If you like to operate 3,5 or even 10 different bank accounts and they all have their designated reasons and purpose, then Revolving Credit will be an absolute nightmare for you.
With Offset Mortgages, depending on the bank you can have up to 50 different bank accounts linked to your Offset Mortgage and still reap the benefits!!
Yes you truly can have your cake and eat it too.
So How Does Offset Mortgage Work?
With an Offset Mortgage, your savings and everyday income is linked and Offsets (it’s in the name right!?) your Mortgage Interest.
Once again less interest charged = Mortgage Free Faster.
Examples and the Benefits:
- If you have a $500,000 mortgage and $40,000 in cash savings across ALL of your different bank accounts, you’ll only pay interest on $460,000.
- Yes for all intents and purposes your Mortgage is now only $460,000!
- You won’t earn any interest on your cash savings as you usually would while it’s part of the offset mortgage. Not to worry mortgage interest is far higher than interest you can find with a bank Term Deposit. Besides, any Interest you earn is actually Taxed (PIE Tax)!
- In case of emergency or loss of employment your everyday money and $40,000 savings is right at your disposal.
In our example on the video in this article, we presented a $500K mortgage and placed an Offset of $40K. It would look something like this
Surprisingly, this is a super quick and easy process where all of the leg work is handled by us. Chances are, with what could be as little as 20-30 mins of your time, this could translate to years off of your mortgage.
See what our clients have to say
Nick Turner-Wright
9/17/2025
Has been a great experience working with Matt and his team. Have managed to get us better than the desired results so far
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Matt and has team were wonderful to work with when buying our first home. Made the process a lot less daunting than it otherwise would have been. His team were very friendly and kept us up to date. And Matt has awesome knowledge to teach us which you could see his passion. Would highly recommend to anyone.
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Matt and his team are the best around ! We had a tricky deal that was hard to make happen and they went above and beyond for us ! 100 percent would recommend and will be using again!!!
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We first worked with Matt Willoughby and the team at OneStop a couple of years ago as first home buyers, and they were absolutely fantastic. They made what felt like the impossible happen and helped get my partner and me over the line.
Since then, we've continued working with them including taking the plunge into "adulting" by sorting out both life insurance and health insurance. Matt and the team made the whole process simple and easy to understand, walking us through every step.
We've now used them for all our insurance needs over the years, and they’ve always gone above and beyond. Such a great team and genuinely helpful, professional, and always with your best interest at heart. Couldn't recommend them more highly!
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Matt was absolutely fantastic to work with! He made the whole mortgage process smooth, stress-free, and easy to understand. His communication was prompt, clear, and professional every step of the way, and he truly went above and beyond to get us the best possible outcome. We felt supported and informed throughout the entire process. We can’t recommend Matt highly enough—thank you for all your help!
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Matt and the team at OneStop made purchasing our house easy and stress free for my family and I. Would definitely recommend getting in touch with Matt for your next/first house purchase.
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Lavinia Akauola
4/07/2025
Matt is super easy to talk to and really kind. He takes the time to understand where we're coming from and gives helpful feedback and advice that actually fits our situation.
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Great friendly service, highly recommend them.
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We achieved results by getting the loan amount we wanted and expert advice on interest rates and how to add value to the investments. Always be working with Matt and the team.
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Thanks team. OneStop did a great job guiding us through the process of getting our home loan sorted out. The financial advice and support through the process were spot on.
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Brilliant advice and help from Matt. Was a massive help for us in our journey to buying our first home. Will definitely recommend for anyone.
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Best service from smart people
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Matt and Rue saw our vision and heart from the start. We were never left wondering about the next step as they explained things so simply. They were professional yet personable and always available, night or day:) We could not have bought our dream home without them. I would highly recommend this incredible team.
We're so grateful for them.
Belinda and Christopher Beukes, Manawatu New Zealand
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Matt and his team were brilliant. They helped out, and answered every question I had every step of the way. And with their help and knowledge, I was ultimately able to make "what previously seemed to only be a dream" turn into a reality! And that was to purchase my first property! At the ripe age of 47 I may add 🙂. Thanks again for everything guys! Yous rock!
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Matt has stuck with me after some ups and downs,a couple of banks and we got there, I was great full for the let's try again, try another bank and I got there. Fully recommend 🙂
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Matt and his team are amazing! Would recommend them to everyone.
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Matt and his team were absolutely amazing. We highly recommend them. Communication was amazing, we couldn't have bought our house without them.
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Excellent service. I highly recommend Matt and his team A+
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