bamboosam replied to the topic Offset Account in the forum Finance 16 years, 2 months ago
elkam wrote:
A redraw facility is the ability to re borrow any extra repayments you've made off your loan but you can think of each withdraw as a new little loan which has to pass the "purpose test". If you use a re draw for personal expenses, then even if the original loan is ( or becomes) for investment purposes, then this amount is no longer…[Read more]