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  • Profile photo of JoshMagJoshMag
    Participant
    @joshmag
    Join Date: 2013
    Post Count: 5
    September 26, 2013 - 12:16 pm

    Hi Dave,

    My mortgage is also with the CBA. As Jamie states there is the MISA account but the CBA also allows me to park as much extra money in my fully variable mortgage as i like and it is free to redraw funds via net bank as often as you like as long as its a minimum of $500 at a time. I believe this has the same effect as an offset account which is how it was explained to me when I was setting it up. That' is how I have been doing it anyway.

    Hope it helps somehow,

    Josh

    Profile photo of JoshMagJoshMag
    Participant
    @joshmag
    Join Date: 2013
    Post Count: 5
    August 19, 2013 - 9:21 am

    Thanks Terry,

    That's my question I guess. I am looking for advice as how to set up the venture, do we start a company together or another way entirely different etc… Im assuming if this is the case we then have some sort of agreement drawn up to detail the above possible circumstances and the many more I am sure would need to be covered.

    Your advice would be most appreciated.

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