Offset Account

Discussion in 'Loans & Mortgage Brokers' started by twix11, 20th Jul, 2021.

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  1. twix11

    twix11 Member

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    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 investment property what would you do instead of paying off the mortgage? Is there a better use of the money rather than being mortgage free?
     
    twix11, 20th Jul, 2021
    #1
  2. Redwing

    Redwing Well-Known Member

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    Redwing, 20th Jul, 2021
    #2
    momentum26 and ChrisP73 like this.
  3. datto

    datto Well-Known Member

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    More property if you’re so inclined. Keep buying so you build an empire if desired.
     
    datto, 20th Jul, 2021
    #3
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Typically being mortgage free is more of a feel good thing than a financial decision ?

    ta
    rolf
     
    Rolf Latham, 21st Jul, 2021
    #4
  5. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

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    Why not load up on more properties ?
     
    Tony Xia, 21st Jul, 2021
    #5
  6. skater

    skater Well-Known Member

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    I'd buy more properties.
     
    skater, 21st Jul, 2021
    #6
  7. Baker

    Baker Well-Known Member

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    I like bread
    Donate it all to animal rescue.

    Or buy more property...
     
    Baker, 21st Jul, 2021
    #7