I've read what I can but am a little confused so hoping to get some advice. Investment Property 1: Paid $240k in 2015 Current desktop valuations...
I’m currently renting, and have two IP’s IP 1: value: 800k (600k loan & 600k in offset). - IO loan, Rate 6.5% IP 2: value: 800k (360k loan & 70k...
We have 500k sitting in offset against six loans with each offset sweeping funds to the loan each month. Balances are reducing faster than ever...
If I transfer $100k at 3pm from NAB to CBA, and it arrives in CBA at 10am the next day, how is my offset balance for interest calculated? The NAB...
Hi guys Just thinking a lot about the recent banks that have collapsed in the EU and US - and pondering if we have the right setup as far as our...
Hi everyone Consider these 4 scenarios: If I have a $1m loan at 5.2% for 30 years at IO, my monthly payments are $4.3k. If I have a $1m loan at...
Probably a silly question but my offset account linked to a loan has significantly more funds than the actual loan. Maybe paranoid but can the...
Hi All, I learnt something today so thought I would share as it may enlighten others. My property investments have been on autopilot for 15-25...
Trying to plan ahead a bit, we've got 8 loans coming off fixed interest, all P&I, in the next 6-22 months. Can't refinance and instead of paying...
Just a simple question. Can the offset funds equal the amount of the actual loan??? or will my bank close the account??
Is there a benefit of LOC over redraw(or offset)? Is LOC product relevant these days when we have redraw (or offset) available? Who is opting...
We will be getting enough from sale of a house to almost totally pay out our loans. My idea is to keep at least a couple of the larger loans open...
Hi all, Thanks for reading… I have the following split loans on my PPOR Loan 1 - Variable $80k Loan 2- Fixed till end 2023 $510k Not much or...
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,...
Hi apologies if this topic has been discussed before as I am still abit confused on the impacts of changing to a loan that has a redraw facility....
I'm currently speaking with brokers and banks about guarantor loans and wanting to get some advice on the best type of structure and how I would...
Hi All, Apologies if this has already been asked – I searched but didn’t find an answer relating to my scenario. I have a query about how to...
Hi all, I currently have a mixed fixed/variable PPOR loan. At this stage the variable proportion is fully offset. The loan has a "minimum...
Hi All, what insightful reading! I am getting myself confused however and hope to get opinions on my situation. I have a PPOR valued at $1.2m....
Hello everyone, I needed some general advice regarding clarity on offset account statement. My sister has a home loan (her outstanding loan...
Separate names with a comma.
