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offsets against LOCs Reply: 2.1.1.2.1.1.1.1 From: Manny B Hi Waverly, I've got my offset account setup on my IP loan with Commbank, but from what I've seen ANZ & NAB should also offer it (with IO)... Cheers, Manny.

Reply: 2.1.1.2.1.1 From: Manny B Hi Melissa, sorry I didn't get to reply to your question earlier, but seeing that Duncan has given a GREAT example, there is no need for me to get into this... I must say that I've also made silly mistakes such as these, as I was relying on a bank manager...

Reply: 1 From: Manny B Hi Melissa, what I would do is get the bank to create an offset account linked to your loan & poor any excess money in there (till you are ready to move on). That way when you take out the money from your offset account to buy a new PPOR, you can claim the entire IP...