- Joined
- Dec 21, 2015
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- 263
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Hi,
Just a quick one - Mrs Calgarychris and I have churned cards in the past however we've sat out for a year while searching for a new house, which was bought in September. Our current financial situation is solid - we have an admittedly large mortgage, with a correspondingly large offset account. Mrs CC recently applied for the ANZ Black card and was denied on the basis that she couldn't afford half the mortgage - which is true assuming you disregard the offset. My question to the brains trust is this - does it make a difference if the mortgage is paid down (i.e. prepaid) vs. having the cash in an offset? Or would I need to refinance to the lower amount (i.e. an LVR of 50% - something I don't really want to do).
Thanks peeps
Just a quick one - Mrs Calgarychris and I have churned cards in the past however we've sat out for a year while searching for a new house, which was bought in September. Our current financial situation is solid - we have an admittedly large mortgage, with a correspondingly large offset account. Mrs CC recently applied for the ANZ Black card and was denied on the basis that she couldn't afford half the mortgage - which is true assuming you disregard the offset. My question to the brains trust is this - does it make a difference if the mortgage is paid down (i.e. prepaid) vs. having the cash in an offset? Or would I need to refinance to the lower amount (i.e. an LVR of 50% - something I don't really want to do).
Thanks peeps