Which other lenders (sorry for my ignorance)? ING Direct has the same OO rate for P&I and IO loans, so one day the IO rate may drift upwards...
When's the best time to change broker, whilst being fair to the current broker? Does the commission clawback kick in within 12 months or within...
Did you walk into a branch to ask?
Does ING Direct offer more than 1 offset account, just like CBA?
This is an improved offer over the past few months? They only gave 1.15% discount for OO P&I loan back in April 2016, and it was through the...
I have a loan with Suncorp Bank. Do I call them and ask for a "pricing request" so that they can review my current rate? Can I call eventhough...
Also means that you should review your current loan with your broker every year, refinance to a better deal if opportunity arises. Of course if...
Thank all. There were some conflicting messages, even from mortgage brokers (not in this forum) so it was good to hear from the experts here. :)...
Off the plan property purchases (often apartments) are quite common these days in Sydney and similar markets. Ordinarily one would sign the...
Why do we still bother with anz? For owner occupied $600k loan and <80% LVR their discount on SVR is only 1.15%, through a platinum broker.
I have been told that ANZ has an internal rental valuation tool that they use. I have seen situations where, for properties in Sydney inner...
How do they continue to grow their IP loan base? Are they competitive for OO loans?
Interestingly, say loan is $1m, offset balance is $800K, if you ask your existing lender for a re-price (because landscape has become more...
Why do you say that? Are they great for variable rate or fixed?
In what situations can they get it for free? I do know that some brokers do refer their clients to a 3rd party valuer that charges approx $600,...
This is not an uncommon scenario and whilst it's been discussed in various forums over the years, it would be good to get a refreshed view/opinion...
What is the margin on OO/IO? What is the unchanged rate?
Thanks Peter - when you say that most are still doing it, are they lending out to OO at INV rates? Or are you seeing several lenders doing IO...
Is it still possible to get IO loans for owner occupied? Any lenders still doing it, and if so, under what circumstances?
You can take up the 1.5 discount now and go backwards 0.2% in April, or do nothing now (ie. stay with your lower discount) and go backwards 0.2%...
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