Thanks Gents,Thanks for clearing that up for me.Appreciate your time and feedback.Regards,Michael.

Thanks Terry,Didn't think it was that simple!Mortgage Rate 6.4% (CBA)Savings Rate 5.0% (CBA Netsaver)I was thinkng along the lines of people always saying ….only pay IO is the way to go with IP's. But isn't putting the 50k effectively reducing the P+I and also reducing the amount I can claim back on interest repayments made come finanical…[Read more]