PropertyInvesting.com | Dan_ | Activity https://www.propertyinvesting.com/members/dan_/activity/ Activity feed for Dan_. Mon, 13 Apr 2026 05:25:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ec0145e0b96889754b9aabe6e6f76635 Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/page/2/#post-4627141 Thu, 01 Jul 2010 06:49:12 +0000 number 8 wrote:
STG have the old system that does not calculate your interest daily, rather it is a static figure that is calculated at the beginning of the year. This is not good if you have a large amount of money in an offset account.

So if this is correct they will only recalculate the figure at the start of a new year?this is not ideal as…[Read more]

]]> 4c80e8a125ec81d21551a24d83d8f872 Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/page/2/#post-4627140 Thu, 01 Jul 2010 06:44:05 +0000 Terryw wrote:
if the amount in the offset exceeds the loan you will not, usually, be getting paid interest, so it would be better to put the excess funds somewhere else to get a return on them

Just as I thought, Thank you Terryw

]]> 5f1bf17b16af4716e852f388356952fc Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/page/2/#post-4627137 Thu, 01 Jul 2010 05:49:00 +0000 Terryw wrote:
One exception is st g which, in one of their accounts, takes the savings off the principle.

I believe this is the offset account I have.Out of interest (no pun intended)  which obtains the better benefit, reducing the principle, or reducing the interest (hence IO payments will be lower so less money locked away)obviously reducing…[Read more]

]]> c68efc3a7f1d4195db508b05eaf4ac50 Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/page/2/#post-4627134 Wed, 30 Jun 2010 01:53:40 +0000 Wow thanks for all the responses, I believe benno79 summed it up correctly in the following,

benno79 wrote:
The repayments are calculated on the 'original loan balance', for the life of the IO loan (usually 5 years or so).

So in essence any “extra” repayments are reducing the outstanding balance of the mortgage and are locked up so to spe…[Read more]

]]> abe0b577bfa4dfc50277725e1ebd4dd5 Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/#post-4627123 Tue, 29 Jun 2010 02:23:36 +0000 Banker wrote:
If your loan is paid by direct debit; ring the bank and tell them you will make payments manually.

Thanks for the response and idea, I wish the bank would let me do this and pay via CC to earn FF points.

]]> 269c3276102b01d4bab8c14b51b85c0a Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/#post-4627122 Tue, 29 Jun 2010 02:21:51 +0000 benno79 wrote:
Dan,I found myself in a very similar situation recently – I am also with St George.I asked my broker to explain and they told me this:"I/O payments are always based on the loan balance, regardless of the offset balance.

 Thanks for the response, however every month my loan balance is reducing due to the cash in my offset, yet…[Read more]

]]> 4421f3a802aa6875ec3aaee9f1fb3acd Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/#post-4627120 Tue, 29 Jun 2010 01:42:36 +0000 Thanks for the responses,The bank the loan is with is St George Bank. Here is some more information to help clarify my question. The loan was originally a P&I loan for 30 years, however after 1 year I converted it to interest only with a 100% offset account. I pay the interest amount monthly and bank any extra into the offset account.So whilst my…[Read more]

]]> 604ecc4667352ee30743b94d514bf45d Dan_ replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/#post-4627116 Mon, 28 Jun 2010 11:36:02 +0000 Thanks for your response Richard,

Qlds007 wrote:
In shortThe loan is an interest only loan and therefore the loan repayments will vary depending on the number of days in the month

My loan is this yet the repayments remain static, regardless of days in the month and it even ignores the fact the the balance is lower month to month. This is what I…[Read more]

]]> d76c6a34ce9cfcef3ee5133c4816dd9e Dan_ replied to the topic Internet Cafe Ideas in the forum No Subject https://www.propertyinvesting.com/topic/4380523-internet-cafe-ideas/page/2/#post-4518338 Tue, 31 May 2005 04:02:44 +0000 Originally posted by The Mortgage Adviser:
[do you know if it is possible to hook up with the existing competition organisers?

I’m sure it would be easy to hook you up. Maybe enquire about some LAN’S and who organises them.

Also if people are going to hiring out the place for LAN’s and the such, a tip might be for a slight reduction in cost they…[Read more]

]]> 1ad62cec0734a681f7623d773e5f75a8 Dan_ replied to the topic Internet Cafe Ideas in the forum Help Needed! https://www.propertyinvesting.com/topic/4380523-internet-cafe-ideas/page/2/#post-4518335 Tue, 31 May 2005 02:40:16 +0000 Originally posted by wayneL:
Geez what a treasure trove of ideas this place is!

I know where I’m coming if I ever want to start a new business…..hmmmm come to think of it, I AM. Will be back when the idea is better formed.

wayneL,

Please when your ready post your business idea, As a reader of your posts here (and mostly aussiestock) I…[Read more]

]]> 7d84fff20a01d6b56abf91b5df6d3a29 Dan_ replied to the topic Internet Cafe Ideas in the forum Help Needed! https://www.propertyinvesting.com/topic/4380523-internet-cafe-ideas/page/2/#post-4518334 Tue, 31 May 2005 02:35:56 +0000 Rob,

Just a few more idea’s in regards to generating business after hours in the LAN environment. Why not host competitions to find the best of the best and the best teams to challenge some other interstate / international teams. Could make a great HQ for some international LAN Party’s

Also as a bit of a gamer myself I know there are two c…[Read more]

]]> 9ff217d299cd8c9ba748a77f1c5f8ea9 Dan_ replied to the topic Internet Cafe Ideas in the forum Help Needed! https://www.propertyinvesting.com/topic/4380523-internet-cafe-ideas/#post-4518318 Mon, 30 May 2005 09:52:20 +0000 Rob,

In regards to product launches don’t limit yourself to just software. I don’t know about Sydney but in Melbourne at swap meets and such graphic’s card manufactures have pretty decent displays, Why not launch a card and have a demonstration on your premises?

As for the LAN party, yes I meant what you described about group bookings…[Read more]

]]> 141d5b2ee8951f3a532eb2118bcf0379 Dan_ replied to the topic Internet Cafe Ideas in the forum Help Needed! https://www.propertyinvesting.com/topic/4380523-internet-cafe-ideas/#post-4518316 Mon, 30 May 2005 08:10:16 +0000 Hi Rob,

It’s about time I made a post in this forum. I have been a long time reader of this site and have appreciated the information I have gained from your posts. Anyhow some ideas you may want to consider for your venture (some already suggested).

• Tuition / courses during quiet times for corporate clients / Seniors / Computer ill…[Read more]

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