Hi Richard,Thanks for the notation. I think that while the comparison rate is higher after 36 months I'm hoping to move on by then (a pretty good incentive!!) and LMI at ~$4600 is something I'm happy to pay.  It fares higher than some and lower than others in my comparisons and is not overwhelmingly significant in comparison to similar products…[Read more]

Thanks to all who have helped me with ideas and thoughts.I've decided to go with Bankwest Rate Traker Ultra Home Loan Definitions as an interest only loan and with an offset account attached.  I particularly liked the 0.90% discount off the major 4 banks average home loans and no exit fees leaving me good to refinance later.Cheers again to…[Read more]

PosEnterprises wrote:
Richard do you think that having a 100% offset on your PPOR all the time is a good idea even if you don't want to pay it off.What are the advantages of this?

additionally…I'm under the impression that it would be advantageous to use a 100% offset if I was to have a significant sum (say $10K +) in the account and my…[Read more]