There is little point in having more money in an offset account than the balance of the loan outstanding. Example $200,000 loan with an offset...
The main reason would be for budgeting by segregating money into monies into different buckets. Some like to save 10% of their income each week to...
Offset accounts are great and most people should have at least one offset account, but there are situations where an offset account is not...
I have just had a new loan facility set up, and am just wondering what others are using their offsets for? The loan product I have offers fee free...
Hi All, I’m about to reach the point where my offset against my home loan is equal to the balance of the loan and am therefore thinking about...
Hi All, Occasionally on media we hear about lenders being caught-out incorrectly charging etc. Why let them go unchecked (which I'm sure usually...
Hi All, I have an investment loan with CBA that is about to end its 5 year fixed term. Shocking rate of 5.7% for the last 5 years! Anyway that is...
Loan Tip: If a PI loan was fully offset how soon would it be repaid? I have many clients with fully offset investments loans. That is they have...
hi, I recently refinanced two properties, to 100% cash out ($2.6m) - $1.8m variable at 4.15% (PPOR) and 785k 4.32% (IP) (CBA) The funds cashed...
Generally it would be better to have the offset account attached to the main residence. This is because the main residence loan is not deductible....
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