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Reply: 1.1.1.1.1 From: Sim' Hampel On 6/7/02 1:16:00 PM, Anonymous wrote: >Wow. Thanks Sim. You've >explained that very well. I'd >love to come to the next >freestylers meeting and >discuss this further with you. >When will it be? Unfortunately you've just missed this months meetings. I...

Reply: 1.1.1 From: Sim' Hampel On 6/7/02 8:38:00 AM, Anonymous wrote: > >I must admit I don't >really understand why money >redrawn from an offset account >is different from money >redrawn from a home loan with >a redraw facility. It's all about the purpose of the funds. A loan is used to...

Reply: 1 From: Sim' Hampel Why not just convert your currrent PPOR loan to an IO loan with an offset account. Keep putting in the money you would normally pay on mortgage repayments into the offset account (plus any extra spare you have), which will reduce interest payable in the short term...