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  • Profile photo of CReneeCRenee
    Participant
    @kali14
    Join Date: 2012
    Post Count: 9
    May 30, 2014 - 8:33 pm

    I guess you wouldn’t get the benefits of an offset account

    Profile photo of CReneeCRenee
    Participant
    @kali14
    Join Date: 2012
    Post Count: 9
    May 30, 2014 - 8:16 pm

    Thanks for your help guys!

    Profile photo of CReneeCRenee
    Participant
    @kali14
    Join Date: 2012
    Post Count: 9
    June 25, 2013 - 3:25 am

    Sorry one more thing – It is a private mortgage where I am paying repayments straight to family members account (no banks involved) is this still possible?

    Thanks again for your comments!

    Profile photo of CReneeCRenee
    Participant
    @kali14
    Join Date: 2012
    Post Count: 9
    June 25, 2013 - 2:55 am

    Thankyou very much for your comment Jamie!

    I don't know much about offset accounts but your article was very informative! I will definitely do some research on this.

    Would this mean I would only paying back the interest on my mortgage (I currently have a Principle and Interest Mortgage)? Or does the offset account have no impact on this?

    Also, it is a private mortgage – where it has nothing to do with the banks, am I still able to take advantage of an offset account?

    Sorry- very new to all of this!

    Profile photo of CReneeCRenee
    Participant
    @kali14
    Join Date: 2012
    Post Count: 9
    August 28, 2012 - 9:18 am

    Thanks for your comments! I am buying the house off a family member so interest won’t be as high as it would be if I was dealing with the banks. What would be considered a good ROI for small town properties? I can’t seem to find a website that tells you what an acceptable return would be. Thanks in advance :)

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