Warnie,
"Security to be substituted must be a "like for like" otherwise new loan is required."
Ok, I can deal with that....
But can I do this ----> buy a new place for $300K, and throw the $200k left over in an offset account?.....so I technically still "owe" $500K, but with $200K sitting in an offset, I'm going to pay much less interest?
Is that too cheeky?
