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benefits
of
an
offset
account
exampled
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my wife did some math today and said that reagrding our current rental house mortgage; the money we have in our offset account, and the remainder of the loan if we used every cent in our bank account/s and paid off a big chunk of the loan, we'd only owe a remainder of $55,000!
as it is the offset account means that we are now effectively paying zero interest on the loan at present as it;s totally offset by our savings, and any re-payments (of which the tenant contributes half through his rent) is coming out of the principal now
so we're well on our way to owning a second house outright!!!
so make sure you have this facility on your loan and save and repay as much as you possibly can!!!!!!
my capcha says yeksi
I colour stuff...
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AUTHOR OF THIS MESSAGE
Little green man
MESSAGE TIMESTAMP
18 january 2009, 23:37:48
AUTHOR'S IP LOGGED
220.245.245.179
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