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  1. T

    First Home Blues

    You sound very confused. You want to pay off the loan in 4 years AND you want to buy 3 properties in one year. If you are putting all your money into paying off the loan where will the money come from to buy the 3 other properties? You must earn some huge money.
  2. T

    First Home Blues

    The amount would be the same. If you took it off the loan or had it in the offset account you are paying interest on the same amount. The difference is that if it's in the offset account you can access the money if you need it. Also if you are renting it out you have the tax benefits of...
  3. T

    First Home Blues

    Hi. I'm no expert but can answer a few of your questions. * Am I actually paying more by having an IO loan? Technically no. However, as the loan is not getting smaller you will be paying interest on the full,amount instead of an ever decreasing amount. * Can I sell the home...
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