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  • Profile photo of karlm63karlm63
    Participant
    @karlm63
    Join Date: 2005
    Post Count: 68
    January 17, 2007 - 8:13 am

    Thankyou very much agave

    Profile photo of karlm63karlm63
    Participant
    @karlm63
    Join Date: 2005
    Post Count: 68
    January 17, 2007 - 3:55 am

    Gooday wayne,
    Thanks for your quick reply.
    When it comes to home loans the wife and I are dumb as dog poo.
    I had a $56k line of credit attached to the home loan which everything goes into,wages,rent etc.
    Deb and myself bought an investment property.
    We used $28k of the $56k LOC.
    The investment property was $115k plus $5K closing costs.
    That $120k is a normal stand alone home loan i/o.
    The other $28k attached to the home loan is a LOC.
    It works similar to an offset account but it does not offset the loc $28k against the actual morgage.
    Sorry if it sounds confusing because it certainly is.
    I hope you can understand all of this.
    Thanks karlm

    Profile photo of karlm63karlm63
    Participant
    @karlm63
    Join Date: 2005
    Post Count: 68
    June 29, 2005 - 10:29 am

    Thanks champ for the information.
    I have filled out the form required to score this software ver 2.5.
    Thanks again

    Just another question i find it hard to understand the jaffasoft one, what does the high five bit in step one mean ??????????

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