Will do. Thanks Jamie.

All the best for the rest of your week.

Mitch.

Thanks Jamie. I have read some of your blogs on your website which are really really good for people from non finance backgrounds to understand and digest.

Yes i did pay LMI so i was assuming there would be a small adjustment due to the new $$ made available.

I think i will get the offset feature set up anyway as I would assume the saving it…[Read more]

Thanks Richard for the welcome. I hope these questions aren't too basic for these forums.

So first step would be to turn the "main loan" my PPOR into an offset account.
Secondly, deposit the $25k of cash savings into this account as available funds but also to lower the % of interest i pay weekly.
Thirdly, if my property is valued at $480,000 and…[Read more]