Search results

Just on the issue with offset accounts, my experiences so far is that if one were to refinance an IP and release some equity the funds would normally have to be deposited into the offset. Is this your understanding? so that the funds are drawn down. And then the approach is to put nearly all...

hi Terry I've got Bankwest and Homeside loan accounts which i can directly pay out from i.e. make a transfer to a payee from the loan account. in respect to scenario 2, i think it is a typical setup where one puts rental income into a transaction acct and pays interest and expenses out of...

Terry, what if the loan product does not have an LOC but just an offset? would you suggest to leave the funds in the loan and simply use the redraw facility? Yep as per what I wrote but what about scenario 2 where an attempt is being made to utilise the rental income to fund some of the cost...

Hi all I'm fairly new on SS and have benefited very much on reading the various threads on here on so many topics that are relevant at different stages of my journey. Just want to say a big thank you to the owners of the forum and the regular contributors on SS for not only sharing their...