Offset account question

Hiya Chran

The MISA does work as a 100 % IO offset accoutn, though as Pete rightly points out, its quite clunky and archaic.......I have one so speak from experience. Its manageable, but just another set of balls in the air

ta
rolf

I have a MISA in that, I have $9000, on a loan of 305,000, so I should only be paying interest on $296,000 ? Is that right? Cause that is how it was explained to me
 
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