Search results

Assume your loan is 100 000. and you have 10 000 in the offset account. Then interest is calcluated on 100 000 - 10 000 = 90 000 DOnt really have enough information if you have the capacity for another IP from an income POint of view. BTW, you are aware that the STAMPS exemption in NSW...

Hi Welcome 1. There are several schools of thought on % of deposit. I personally suggest that if one has just enough to squeek in for a 20 % deposit to either go for an 85 % no LMI loan, or pay the lmi and go for a 90 % lend, and put the balance of your savings into offset. 2. ING and...