Would like the thoughts of tax savvy investors ! I have 3 loans - 2 of them are IP loans , the new one is an equity release (from one of the IPs)...
Has anyone come across mortgage offset accounts that offer multicurrency accounts? Say if you have cash in other currencies overseas - eg GBP, if...
I can phone Westpac but thought this might be quicker... Can I have more than one offset account with Westpac - one account opened to offset one...
My wealth package is due for renewal soon at $395 pa. Benefits - discount on home & contents insurance, discounted interest rates, free credit...
Dumb question maybe... (I'll call the bank tomorrow, but doing some figures tonight). If I fix a Westpac loan, but don't prepay any interest in...
Hi all, First time poster here and a newbie trying to build my knowledge on property investment and how I can apply it to my current scenario....
The banks are going to implement this in their own way but any opinions on whether offset accounts with significant balances would be impacted?...
If your servicing is strong and you could take more equity out than you need, and still keep LVRs at slightly below 80% is it a good idea to take...
Currently loan split1 - 200k loan offset - 100k interest on loan is 5% of 100k = 5k/yr and it is all tax deductible -- in preparation of next...
Was looking to switch from P&I to fixed IO with Bankwest however I found they only offset at 40% of what you have in your offset account. Is this...
Hey guys, An offset account is usually ideal against non deductible debt(PPOR for example) in order to pay less interest which is all good. Was...
Hi All, I have a PPOR loan of 350k remaining which is currently variable but as the lenders are jacking up rates, would like to know whether...
Hi, I am currently in the accumulation phase hence haven't been focusing much on debt reduction. But given the current interest rates have...
Hi guys, This is probably a stupid question, but if you have an offset account set up against a principal and interest loan, does the money in...
hello - for the gurus on this forum a quick question In the case where an investor holds multiple investment properties with individual offset...
Excuse my lack of knowledge but I dont quite understand a Offset account . Please let me give you this scenario My IP rents for $350 week I...
something I would usually ask my accountant but he is on holidays for a month :) We recently sold an Ip, have surplus funds sitting in a savings...
Hello - i was searching this forum (probably not hard enough) and i couldn't find specific answers so i thought to ask: Every fornight i get a...
Hey guys, I have three loans that are set up to automatically deduct loan payments (Interest only) from an offset account. I was thinking to get...
I understand this topic has been discussed a number of times in here, and I have gone through the fantastic tips and replies on this. But still...
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