Hi all, Looking for some opinions for my mortgage repayment structure and what your thoughts are. I am a 25yo and just bought a 550k house in WA,...
I am not a fan of people borrowing money and parking it in an offset account. My very first Tax Tip was on this topic. See Tax Tip 1: Parking...
Bank deposits give pretty low interest rates these days yet a lot of people keep large amounts of cash in term deposits. One strategy to...
Hi members, Assume : Home loan (A) = $200,000 offset account (A) = $150,000 repayment date = 3rd day of every month Home loan (B) =$200,000...
Offset accounts are savings accounts that are linked to a loan so that any interest on the loan as calculated by the outstanding debt is...
Hello everyone, I needed some general advice regarding clarity on offset account statement. My sister has a home loan (her outstanding loan...
All, Would having an split loans on 620K (lets say 2 splits of 80K and 540K) PPOR IO with an offset has any benefits? now or down the track when...
Looking for an offset for my PPOR but seeing 3.49%. SVRs (with discount) are around 2.49% What’s going on here? Are banks trying to do away with...
Basically – nothing happens to offset money when refinancing. An offset account is a savings account that is linked to the loan, but it is not...
Hi members, I would like to have a better understanding of how this works before I approach the bank. I have 4 investment properties, each has...
When borrowing against existing property and getting extra ‘cash out’ there is a high chance that the lender will put that money into the wrong...
Hi all, What is the best way to setup accounts for rental and expenses payment? For example - for IP1, I already have: 1. Loan Account (where...
Generally, the loan with the highest interest rate would be the best one to offset as this will save you the most interest. But this is not always...
Besides ANZ's 1year Fixed Loan, are there any other lenders who allow a 100% offset account on a fixed loan? I'm wondering if there's lenders that...
Hi all, checking for pitfalls and trying to anticipate problems. 1. I have a loan for 400k on a beach house that is currently rented (currently...
Hi all, I currently have a 100% variable home loan and am about to convert part of it to fixed. 65% will be fixed and 35% variable. Should I...
Hi Peoples If there is a thread posted elsewhere about this pls ignore. If you had the cash in your offset account to pay off the mortgage on an...
Hi Have an IP which is going to Principal and Interest soon. Will pay off half the loan thru the sale of another property leaving a balance of...
Hi All My partner bought a property in 2017 in her name only with a P&I loan of $340,000 from ANZ and in March 2021 we have rented it out to...
Hi Guys, Need your advice I applied for a OO, P&I loan with 20% deposit, but now, after final approval is done, I received an extra...
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