Forum Replies Created

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of veeedkaveeedka
    Member
    @veeedka
    Join Date: 2007
    Post Count: 4
    August 1, 2007 - 7:52 am

    Ah fair enough, I get it now. So the more cash you have to put in the offset account, the lower your repayments are, as it's paying off the primary but still keeping the money available. Interesting.

    Profile photo of veeedkaveeedka
    Member
    @veeedka
    Join Date: 2007
    Post Count: 4
    July 31, 2007 - 10:07 am

    Thanks Nucopia!

    I've been hearing the term offset account lately, could you please elaborate a bit? What is an offset account, and what is it's purpose?

    Profile photo of veeedkaveeedka
    Member
    @veeedka
    Join Date: 2007
    Post Count: 4
    July 31, 2007 - 8:09 am

    Thanks guys, all excellent information so far! :D

    I currently have $20k saved. Not much as yet.

Viewing 3 posts - 1 through 3 (of 3 total)