Q: We’re buying our first property and will use an offset mortgage to help cut interest. We’re likely to upgrade to a bigger property in seven to 10 years and are wondering how we should save for a new deposit. Is it better to put extra money on the mortgage and redraw when needed, or should we invest spare cash in an index fund? Ricki
A: The key issues faced here are risk, tax and time horizon, says Suzanne Haddan, managing director of BFG Financial Services.
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