Debt recycling strategy - Please critique

Discussion in 'Investment Strategy' started by Btaylor, 19th Nov, 2018.

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  1. KittyCat

    KittyCat Well-Known Member

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    I believe they do offer a 100% offset account, extra repayments, redraw and loan splits. Rate is very low and no ongoing fees..... but I don't know much about Resimac Finance who own & fund State Custodians loans.
     
    KittyCat, 3rd Apr, 2019
    #21
  2. ChrisP73

    ChrisP73 Well-Known Member

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    But based on this I'd be keeping my cash elsewhere

    The Government Guarantees and Lenders
     
    ChrisP73, 4th Apr, 2019
    #22
  3. KittyCat

    KittyCat Well-Known Member

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    KittyCat, 4th Apr, 2019
    #23
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    redraw offset may possible be an offset for tax purposes, please seek specific individual advice, but you will have zero APRA/Gov cover to your own cash.

    Not disimilar to a normal banks redraw or LOC, their money becomes your money .

    ta
    rolf
     
    Rolf Latham, 5th Apr, 2019
    #24
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