I have no idea what the difference is and how you can set it up to reduce interest.
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An offset mortgage is a type of mortgage in which the borrower’s savings are used to offset the amount of interest they are charged on their loan. This can reduce the amount of interest the borrower pays over the life of their loan, as well as the total amount of money they owe. A revolving credit mortgage is a type of mortgage that allows the borrower to access a line of credit that they can use for any purpose. The line of credit is typically tied to the value of the borrower’s home, and the borrower is only required to make interest payments on the amount they borrow.
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