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  1. Without a doubt mortgage offset accounts can be a great benefit to those who are focused on paying their home loans off faster.

    Another tip some might find useful is to put all of their monthly living expenses onto an interest free credit card.

    Then, arrange with their lender to have an automatic electronic sweep set up to sweep any balance accrued on the credit card during the month back into the offset account.

    This means you leave the maximum amount of money in the offset account during the month, while putting most of your expenses onto the credit card, which will save even more interest on the home loan.

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