AMP Loan

Discussion in 'Loans & Mortgage Brokers' started by MTR, 11th Apr, 2016.

Join Australia's most dynamic and respected property investment community
  1. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Got AMP to review my loans and have dropped interest rate to 4.12%, very happy with this. No jumping hoops either...nice:)
     
    MTR, 11th Apr, 2016
    #1
    Perthguy, Tranquilo, Bran and 2 others like this.
  2. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    155
    Location:
    Brisbane and Remote WA
    Hey MTR - are you able to share a bit more information?

    Total Lend
    LVR
    Previous interest rate

    Cheers
     
    jchan86, 11th Apr, 2016
    #2
  3. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    4.75% 80% LVR $.1.2M
     
    MTR, 12th Apr, 2016
    #3
  4. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    155
    Location:
    Brisbane and Remote WA
    Thanks for sharing MTR

    O/O or IP?
     
    jchan86, 12th Apr, 2016
    #4
  5. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    IP
     
    MTR, 12th Apr, 2016
    #5
    jchan86 likes this.
  6. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    155
    Location:
    Brisbane and Remote WA
    Thanks for responding MTR.

    Can you also share what package/product you have?
    Also - are any of those loans held in a corporate trustee for trust?

    Trying to give my broker a bit of ammo to fire a few shots across the bow of AMP. Already in the process of refinancing 1 of 3 loans from AMP to CBA
     
    jchan86, 17th Apr, 2016
    #6
  7. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    2,066
    Location:
    Bali
    Good to know. Following reading the Whats You Interest rate thread, Ive gone back to my CBA manager. Pushing for some discounts esspecially on fixed. Will see what they come back with.

    @jchan86 - what did CBA offer you? (Loan amount, LVR?)

    Cheers
    Blacky
     
    Blacky, 17th Apr, 2016
    #7
  8. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Personal.
    Don't believe its a package
     
    MTR, 17th Apr, 2016
    #8
  9. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    155
    Location:
    Brisbane and Remote WA
    4.37%; $1.23m
    Although have existing CBA IP fixed @ 4.49%
     
    jchan86, 17th Apr, 2016
    #9
  10. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    AMP Loan is currently the best rate now at 3.92%
     
    MTR, 28th Jul, 2016
    #10
Paying too much CGT or tax – Or not enough ?

Not all tax advisers are property focussed specialists and DIY errors will always cost you. We know property taxes and will advise and get it right. Even a second opinion. Contact us for an obligation free initial consult (conditions apply).