Hi Chylld, so you have to call the bank every time you need to create a new split ? Why didn't you choose the Macquarie offset home loan ? it...
So if you pay split A down from $50,000 to $0, then you redraw that $50,000 to pay an investment property deposit ? So the interests occured from...
I guess you mean pay down split A then apply for LOC loan from the bank with the same amount in split A then use the amount in LOC loan for...
If your are only paying $350 a year, you probably have the variable loan only and have a few sub accounts. Thanks for sharing the information.
Hi Terry, I understand pay down the split part but don't understand the reborrow part. So in your eg. You have pay down split A , what do you do...
Also I notice if you have both LOC and variable loans under professional package, you need to pay $350 annual fee for the LOC and another $350 for...
Cool thanks Rico
So you only use it for investment property expense ? such as council rate bills etc ? I guess you can use Bpay on the LOC loan as well ? Aslo...
Thanks Terry. Your tips are always pointing me to the right direction. :)
Maybe you were lucky Rico, I check the website and says A line of credit is not eligible for linking to an Offset Deposit Account. If your loan...
Let's say I have $100,000 in my LOC loan account and I want to use this to pay a deposit of a investment property $60,000. Do I need to go the...
Hi Terry, Do you know which bank can offer this kind split Loans? The issue is I can't find any bank can offer a card that is attached to LOC...
I checked AMP and St George, they say offset account linked to a LOC loan is not possible.
Hi Chylld, For your Macquarie LOC loan, do they give you a cheque book that linked to your investment account ? So you can pay stuff like deposit...
Which bank are you with ?
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