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I dunno about you Sunfish, but I consider myself a very disciplined saver yet still go on O/S holidays yearly... you can have it both ways

Bluecard: regarding this point ^, if you were paying IO (which in most cases one won't be able to obtain for longer than 10yrs), say you had enough cash saved up in the offset account BEFORE the IO period expired. Once your offset amount is equal to the original loan amount, you officially then...

i don't care what the banks think, i only care that their calculators are taking my extra payments into consideration when they calculate my next month's (reduced) interest bill!

Hi Not sure if i understand all of this correctly, but i'll set up an example for ease of explanation. get a loan requiring $1500/month interest, and if you were to get a P&I loan, you'd be paying an extra $700/month on top of that for a typical 30yr loan. if you were disciplined enough...