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ok thanks rolf for the feedback and advice. Yes I think I'll leave it now and see if we can look at other options in the future. cheers

The original loan officer is away on a vacation so have had to go through his associate. I contacted them yesterday about it and asked about the offset account and he said they would get back to me but they said it shouldn't be a problem but we had another more important issue to deal with...

Sorry,I worded that wrong unless I have a huge next 8 months :p i meant my goal for this year is to have 3 properties in my portfolio and I expect to be still paying a loan off on all of them.

It looks like my loan doesn't allow for an offset account. I just checked it out online here at westpac and found it says "100% Offset This option is not available on this loan. I'm a bit worried now but will see what they say about this in the morning....

Excellent, well that makes perfect sense now. So now I just hope my bank are going to provide an offset account with this loan which I will find out Monday morning...

One more thing.... wouldn't it be more profitable to only keep a few thousand in the offset account and put the money I make that I would have put in the offset account into a bank account that earns interest like the Westpac maxi saver? This account earns interest but you can also access it and...

Yes I wasn't sure if they are both the same for the two loans. thanks for posting this info. well that is what I thought and hoped, so thanks for confirming that. that's interesting for the tax part, I will study all that over the following months. Yes it will be an IP but it will first...

I know there is quite a few questions but this one above is really important and I would appreciate it if someone can please answer this as I have to discuss this with the bank tommorrow. I also realise that interest rates will change over 4 years so I'm just hoping for some type of estimate...

Yes I doubt I would have wanted to sell it in 6 months and now I most certainly won't after finding out all this. I think I will rent it out once I get another property purchased. ----------------- hi travelbug, thanks for answering all of my questions to the best of your knowledge. I...

That has answered a couple of my questions, thanks! I will make an inquiry about the offset account on Monday, sounds perfect but I wonder if they will give me interest on that account comparable to my investment account that I can get good interest on but still access the money anytime I like...

Hi, a couple of days ago I signed for my first home loan at under $170,000 and the amount I requested was accepted with no hesitation even though I'm self employed. At the same time I received a letter from another bank telling me they are willing to lend me over $300,000 (with mortgage...

Actually I just came on to reply to the guy with the new site to say thanks for posting the details about his site. I was only asking him some questions. I'm not surprised to see you post the same old nasty crap. You have got to be the most bitter, twisted and angry man I have seen online. I...

propertybutler, as I wrote in my last post Domain.com.au is fine now and they have made many improvements since I first posted this. Did you read my last post? As for your website, I won't be using a flash based site to look for properties, nothing against flash but I just prefer using HTML...

Yes I just don't want to make it any harder than it is and I only care about getting my home and not giving them a lecture which I know they deserve. I probably will let them know that I'm glad to get rid of them once this is over though. I'm not even going to contact them anymore now anyway, I...

That's a good point and made me think a bit. Maybe I have misunderstood their role. I did think though that they would negotiate a lower price if I had shown documentation to prove this. Anyway I will take your advice and maybe I will back off a bit and let them do their thing and just get this...

Well I ended up not buying my first property that I nearly signed for. So after several months and a larger budget I finally found another property to buy. I had also dropped into the solicitors a couple of times in between to let them know I was still intending to buy a home and was looking for...

Mortgage Choice or Wizard? I thought it would be a good idea to write of my experience with Mortgage Choice. I had already got approved for bank finance but some members here had recommended I also look into a mortgage broker. So about a month ago I decided to take a walk in my local area to...

Yes well that is the problem as I already got one for the Comm bank loan as he said this would be the best bank to use for my situation but the westpac was when I had gone out myself before I met the agent. So I'm looking at asking Westpac if they would offer a similar rate to Comm bank (if...

Hi, thanks everyone. I should have said my situation is for a new loan, my first loan on a property. I had initially applied at my bank, Westpac and that was approved for the amount I requested. I then decided not to buy that home and I have not been able to find a property in this proce...

I wonder if it is possible to get the bank to change rates if you say to them that I can get a better rate at another bank? Maybe they have set rates!