I've just completed a re-fi, my first loan with Westpac.
The product is Flexi First Option Investment Prperty Loan with Redraw.
With all my other re-fi's, the surplus funds (equity release) has been paid into my NAB offset account, by my request.
However, the Westpac loan was settled such that the surplus funds were paid into the loan account and appear through online banking as a redraw amount.
When comparing the offset facility I usually utilise with the redraw facility is there any advantage in moving these funds to my NAB offset (assuming the rate for both loans is the same) compared to leaving it in the redraw?
The product is Flexi First Option Investment Prperty Loan with Redraw.
With all my other re-fi's, the surplus funds (equity release) has been paid into my NAB offset account, by my request.
However, the Westpac loan was settled such that the surplus funds were paid into the loan account and appear through online banking as a redraw amount.
When comparing the offset facility I usually utilise with the redraw facility is there any advantage in moving these funds to my NAB offset (assuming the rate for both loans is the same) compared to leaving it in the redraw?
