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    ANZ vs Westpac - Pro packages

    I'm with Westpac and I'm pretty impressed with their services actually. My land settled on 31st Dec and although short of staff due to the holiday season, they manage to get it all done.
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    Newbie: Principal and Interest loans??

    I see. I thought they bank should credit back the interest that I saved back into the offset account instead of deducting it off the principle. Thanks. I'm a noob to all this as someone said the loan amount will always be the same.
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    Newbie: Principal and Interest loans??

    I need some help with my offset account for my PPOR. Basically, in my case with Westpac, I have 129.6k loan for my land and around 20k sitting in my offset account. I'm suppose to be on interest only repayments until the house finishes building but.... - after 2 fornightly repayments ----->...
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    Borrow for land 1st then borrow again for building house?

    Thanks for the replies guys. Tobe, if I were to borrow more, wouldn't it just make my repayments higher every month? My rent at the moment eats up almost a third of my income. I don't want to lose that plot of land as well because of the location. Everything is still a little surreal as I've...
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    Borrow for land 1st then borrow again for building house?

    Hey guys, I just found this forum and I'm looking towards building my 1st home in Point Cook. I've found a piece of land that I like at the and I'm about to put a deposit on it. However, my earning capacity at the moment doesn't allow me to build my home and cover my rental place the same...
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