Pay Off Your Mortgage Faster
Helping you become mortgage-free sooner using a structured plan that fits your income, lifestyle, and mortgage options.
What it is
Offset mortgages are one of the most effective ways to pay off your mortgage faster because your everyday cash flow works against your mortgage balance automatically.
An offset mortgage links your mortgage to a transaction account. The money you keep in that account (paycheques, savings, business income, emergency fund) reduces the balance you’re charged interest on, which can dramatically cut total interest and shorten your mortgage timeline.
Offset-style mortgages are far more common in markets like Australia, where they’re treated as a standard way to manage a home loan. In Canada, they exist, but they’re less widely offered and many homeowners never get shown the option.
This page explains how offset mortgages work and how we use them as a mortgage payoff strategy.
Common tools we use
Offset mortgage structure
Your day-to-day cash sits in an account that offsets interest on your mortgage balance.
Cash flow planning (the real power)
We design a simple routine for deposits, bill payments, and buffers so your money stays “working” longer.
Paycheque optimization
How to time income and expenses so more of your cash stays in offset and reduces interest.
Prepayment strategy (optional)
When it makes sense, we layer in lump sums or extra payments without breaking flexibility or triggering penalties.
Who it’s for
- Homeowners with stable income who keep consistent cash in their accounts
- Self-employed borrowers or commission earners with variable monthly cash flow
- People who want to pay off faster without feeling cash-poor
- Anyone who wants a strategy built around real life, not spreadsheets you’ll abandon
Example
Let’s say your mortgage balance is $600,000. Instead of leaving your paycheques and savings sitting in a regular chequing account doing nothing, an offset structure allows your average account balance to reduce the amount of your mortgage that interest is calculated on.
If you typically carry $25,000–$60,000 across your accounts (income buffers, savings, emergency fund), that money can offset interest every day, which can shorten your payoff timeline significantly over the long term, even without changing your lifestyle.
Key point: You don’t have to “pay extra.” You just stop letting your cash sit idle.
FAQ
An offset mortgage is a mortgage structure that links your mortgage to an account where your cash balance offsets the mortgage balance for interest calculation. Offset-style solutions exist in Canada, but they aren’t offered the same way across all lenders.
For many people, yes, because your cash flow offsets interest automatically. The benefit depends on how much cash you typically keep in your accounts and how consistent your cash flow is.
Not always, but often the best time to switch is at renewal. If you’re mid-term, we review penalties versus the benefit.
No. Some offset-style products include a credit component, but the strategy isn’t “use a HELOC.” The strategy is use your cash flow to reduce interest every day.
Not necessarily. The payoff advantage usually comes from reduced interest charged over time, not from a lower posted rate.
The offset advantage is strongest when you keep meaningful cash in your accounts. If you run your accounts close to zero every month, the benefit is smaller. We build the plan around your real spending habits.
