Hi, I have almost saved enough money in my offset account to fully pay off my home loan. I have $370,000 in the offset and the loan is $385,000. I expect to finally reach equilibrium by the end of the year. Should I pay off the loan and be debt free? First of all congratulations! That is a mammoth achievement and cause for celebration. It is an amazing feeling to be almost debt free. Leaving the money in a 100% fully offset account is almost the same as having paid off the loan as you are no longer paying any interest on the amount owing. If you pay off your loan, you no longer have easy access to that money. If you need it for emergencies, then you will need to apply for a new equity loan with the bank and whilst that might not take that long given your financial circumstances, it is still an extra process and you are back at the mercy of the banks to approve your loan and your loan amount. Your bank may not agree to loan you back the same loan size you had previously. You