All Topics / Finance / Offset acc. on IO after 5 years

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  • Profile photo of grantos_champosgrantos_champos
    Member
    @grantos_champos
    Join Date: 2009
    Post Count: 106
    July 9, 2011 - 11:55 pm

    Does a 100% offset account still apply to your loan after the 5 year mark if it turns from IO to PI?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 11, 2011 - 5:22 am

    Yes if the bank product allows it. The loan number etc doesn't change.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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