Is that something that people should chat to their bank about or their broker about to make sure it's structured appropriately when it comes to offsets?

Yeah, 100%.

I think that's probably the most important thing is just making sure that if you do have an offset account or a redraw, whichever facility you have, it's really important to make sure that it's all linked into one just so when you do put that money into your offset, it is offsetting the loan itself so you are saving on interest as well.

A couple of extra things as well, and I've got just an example illustration also.

So just some...

Common misunderstandings and when it makes sense to have each account.

So a common misunderstanding is people often assume offset and redraw are interchangeable.

so get that done to make sure you can afford to buy the house you want or afford to upgrade and and do what you want The other bit of jargon that is always thrown around is also LMI, which, yeah, do you want to tell us what LMI stands for and means and is?