From: Jay Hunter
Hi all,
We bought a home (place of residence) last year and decided on the W.pac rocket repay HL with 100% offset... we got the bonus 0.7 discount that everyone should get...
We borrowed more than we really needed to give us some breathing space (although we have slightly higher repayments) but this is ok as we want to pay it off asap anyway...
we now have 30k-40 to put into the loan
(we don't foresee us needing this money in the short term...) but am unsure if we should leave it in the offset account of transfer it onto the loan...
my understanding is we have the same benefit regarding int. rate reduction either way ??
our plan is to purchase 1 0r 2 ip's over the next 18months... any pro or cons regarding whether we should;ld put the money into the loan (and redraw if required) or just leave it on the offset??
any view would be great!
thanks jay
Hi all,
We bought a home (place of residence) last year and decided on the W.pac rocket repay HL with 100% offset... we got the bonus 0.7 discount that everyone should get...
We borrowed more than we really needed to give us some breathing space (although we have slightly higher repayments) but this is ok as we want to pay it off asap anyway...
we now have 30k-40 to put into the loan
(we don't foresee us needing this money in the short term...) but am unsure if we should leave it in the offset account of transfer it onto the loan...
my understanding is we have the same benefit regarding int. rate reduction either way ??
our plan is to purchase 1 0r 2 ip's over the next 18months... any pro or cons regarding whether we should;ld put the money into the loan (and redraw if required) or just leave it on the offset??
any view would be great!
thanks jay
Last edited by a moderator: