@bmoney.finance: #bmoney #bmoneyfinance #money #finance #offset

Bmoney finance
Bmoney finance
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Region: AU
Sunday 04 February 2024 22:58:39 GMT
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mviixmii
mvIIxmII :
Does this mean that regardless of weather you add money to your offset or redraw (assuming same amount and same rate) you’re reducing the loan same?
2024-02-07 00:57:51
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firecracker943
firecracker 🧨 :
it really depends on the costs and interest rates given. most offset accounts have some fee attached with it. it may also effect the interest rate
2024-02-12 02:09:33
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brokerbuddy
SnoopDog73 :
Great post but you forgot about the costs associated with an offset account. An offset account is anywhere between 120 - 300 a yr.
2024-02-20 05:48:49
1
phil_dimaranza
diMaranza :
iv got both, is it worth putting everything from my redraw account and into my offset?
2024-02-12 22:52:02
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alna1000
Aussie-Aussie :
Do they slug you to redraw on a redraw loan?
2024-02-06 08:39:31
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aussieirishguy
user830179337538 :
If you put money in your redraw would your min repayments then be lower?
2024-02-21 01:16:38
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thegarageshow
THE GARAGE SHOW :
i have both on my home loan also all the offset accounts even my investment property is offsetting my home loan 😂
2024-02-06 19:34:41
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omar_bachefilm
Omar_Jan :
I’ve heard app if you pay ur loan on IO with an offset and put all ur money there it’ll be paid faster than paying P&I , is that true ?
2024-02-05 11:24:21
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johnsmit54
Jovan Dedovic :
Bora lookin jacked
2024-02-05 06:30:56
0
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