CBA 6.08% vs Unloan 5.89 % worth refinancing?
Hey guys, looking for some opinions.
Bought a house last year using the 5% First Home Guarantee so my LVR with CBA is still pretty high. Currently owe around $1.33m at 6.08%, paying about $8,133/month, with roughly $70k in offset.
Unloan is offering 5.89% and their valuation puts me at around 80% LVR. I'd lose the offset, so I'd put the $70k into redraw and keep adding around $4k/month.
Anyone made a similar move to Unloan? Any downsides with redraw vs offset?
I'm also thinking about debt recycling into ETFs in the future. Has anyone done this with Unloan, or does the lack of loan splits make it a pain?
u/TmiBhane — 3 days ago