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My broker rolled his eyes at my extra repayments, six months later I owe him an apology
When I bought my place in Geelong last year, my broker kept pushing me to put every spare cent into the offset account instead of paying down the principal, and honestly I thought he was just protecting his commission. I ignored him for two months and threw an extra $400 a month straight at the loan, then got curious and ran the numbers on both ways. Turns out the offset kept my money accessible and cut my interest just as hard, and I would have had cash on hand when the hot water system died in March instead of putting that repair on a credit card. So yeah, I was wrong. Has anyone else had a broker give advice that sounded self-serving but actually checked out?
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