Hi all,
After purchasing my first property (IP) two years ago, I have just purchased my second property (PPOR). The past 2 years I have had an offset account linked to my IP loan which is interest only. My question is, now that I will have an IP and a PPOR which loan should I link the offset account to? Or does it not matter? Both loans are interest only and I have no intention to pay off any principle at this stage. I would like to save for a 3rd property in due corse. Thanks in advance, I look forward to the responses.
After purchasing my first property (IP) two years ago, I have just purchased my second property (PPOR). The past 2 years I have had an offset account linked to my IP loan which is interest only. My question is, now that I will have an IP and a PPOR which loan should I link the offset account to? Or does it not matter? Both loans are interest only and I have no intention to pay off any principle at this stage. I would like to save for a 3rd property in due corse. Thanks in advance, I look forward to the responses.