126. Offset vs redraw accounts & fixed vs variable interest rates
In this episode of Get Rich Slow Club, Tash and Ana welcome back Maddie Walton, a dynamic mortgage broker from Money Lounge (@moneylounge) to demystify the world of home loans. Maddie dives into the differences between fixed and variable interest rates, along with the role of offset accounts, offering valuable insights for anyone navigating the property market.
The conversation explores how brokers earn commissions, what clawback periods mean, and the importance of financial literacy when choosing the right loan product. Maddie emphasizes the need to understand not just interest rates but…
The skinny
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