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Thanks Aaron. I have only recently begun to understand why you would want an IO loan - previously I was in the camp of 'must pay down debt asap in order to feel secure!!!' :)

I am reviving an old thread here sorry but I have been thinking about offsets etc lately and I am confused by this post. I thought that by having an offset account the repayments themselves wouldn't change but the interest charged would be reduced therefore the loan amount would decrease (in...