Offsetting and Stoozing
An alternative to the pure form of stoozing is debt-offsetting itself — typically on large secured debts such as mortgages. Here the stoozer carries real debt and their objective is not to generate profits but interest savings in whatever form their loan agreement will allow. Many mortgages now permit overpayments by giving the borrower the opportunity to draw at the same rate of interest later within the (declining) limits set out. Other mortgages are genuine offset loans that charge interest only on the net balance once savings have been deducted from the debt. In either case, the effect is the same.
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