Hi,
Is there anyway to use US dollars that we are holding in a US dollar account with the same bank as our mortgage, as an offset?
I have heard of possibly using a swap with a set date and price of conversion but with the high differential between our interest rates it is pretty expensive.
Just feel like there should be a way to make the most of these funds as currently earning bugger all with US rates and our PPOR mortgage is close to the equivalent of these funds.
Any ideas appreciated?
Is there anyway to use US dollars that we are holding in a US dollar account with the same bank as our mortgage, as an offset?
I have heard of possibly using a swap with a set date and price of conversion but with the high differential between our interest rates it is pretty expensive.
Just feel like there should be a way to make the most of these funds as currently earning bugger all with US rates and our PPOR mortgage is close to the equivalent of these funds.
Any ideas appreciated?