Thanks for that,
I’ve just spent my lunch working out my interest and I think I would be better off with the standard variable loan from Westpac. At 6.99% I save a few hundred dollars over a year. I think from my workings I need to have more money in the offset and use the credit card as you suggested. Then I might make some headway. More…[Read more]

Thanks for your replies [biggrin]

We borrowed about $190000 and keep about $2500 in the offset account. Loan is with Westapc at 7.17 percent. I’m just worried that the extra interest is not being more than covered by the offset but I can’t work it out. Thanks for any help.

Cheers Stephen
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Sorry if I didn’t make sense. The house has already been relocated to a block. I am just woried about their resale value verses a newer house.

cheeres Stephen

Thanks for that, spent a long day today looking, that makes quite a few over months. Back to it tomorrow and will keep reading these forums. Cheers all