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There’s a lot of confusion when it comes to finding out the difference between redrawing and an offset account and how they affect interest payments. Which methods are better for paying your home loan off faster? Does the ATO view them differently when you file taxes? Are there any hidden fees involved in either one? In this video, we will break down what makes each option unique and help you determine which one is best for your situation so that you can pay off your home loan faster and save on interest payments. ______ The Lending Lab is a mortgage and finance broker committed to helping Australians get a better deal. Our team works with a range of lenders to find the best loan products for our clients. Whether you're looking to buy your first home, invest in property, or refinance your existing loan, we can help you take the next step on your financial journey. We understand that everyone's situation is different, so we offer a tailored approach to finding the right loan product for you. So if you're looking for a better deal on your mortgage, send us a message at [email protected]. ______ DISCLAIMER: This video contains general information, and it’s not tailored to your individual circumstances, goals, or needs. Before you make any decisions, you should get individual advice.