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It's not 'interest offset', it's 'interest only'. First you need to understand the PRINCIPAL refers to the amount of money you owe on the loan. With PRINCIPAL & INTEREST repayments, when you make a payment, that payment consists of both principal and interest components. This means that the...

CBA are unlikely to require a reassessment, they're generally fairly good for rolling over to another 5 year I/O period. Personally I have a combination of I/O and P&I. My cash-flow is fairly good as are my equity levels so I've got plenty of options and I would actually like to pay down...