From: Glenn Mott
I was wondering if anyone could suggest a good lender to go with if prime consideration is to refinance, take as much cash as possible out of properties and have it sit in an offset account.
A previous lender had a product that allowed for all monies in offset account to reduce the balance on loan that interest would be charged against, effectively giving an after tax benefit of almost double the interest rate on loan. Unfortunately, my current product does not do this but rather credits the interest to the offset account, creating income.
Thanks
Glenn
I was wondering if anyone could suggest a good lender to go with if prime consideration is to refinance, take as much cash as possible out of properties and have it sit in an offset account.
A previous lender had a product that allowed for all monies in offset account to reduce the balance on loan that interest would be charged against, effectively giving an after tax benefit of almost double the interest rate on loan. Unfortunately, my current product does not do this but rather credits the interest to the offset account, creating income.
Thanks
Glenn
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