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AMP Loan

Discussion in 'Property Finance' started by MTR, 11th Apr, 2016.

  1. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,431
    Location:
    Perth, Melbourne, USA
    Got AMP to review my loans and have dropped interest rate to 4.12%, very happy with this. No jumping hoops either...nice:)
     
    Perthguy, Tranquilo, Bran and 2 others like this.
  2. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    73
    Location:
    Brisbane and Remote WA
    Hey MTR - are you able to share a bit more information?

    Total Lend
    LVR
    Previous interest rate

    Cheers
     
  3. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,431
    Location:
    Perth, Melbourne, USA
    4.75% 80% LVR $.1.2M
     
  4. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    73
    Location:
    Brisbane and Remote WA
    Thanks for sharing MTR

    O/O or IP?
     
  5. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,431
    Location:
    Perth, Melbourne, USA
    IP
     
    jchan86 likes this.
  6. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    73
    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
     
  7. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    1,104
    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
     
  8. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,431
    Location:
    Perth, Melbourne, USA
    Personal.
    Don't believe its a package
     
  9. jchan86

    jchan86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    73
    Location:
    Brisbane and Remote WA
    4.37%; $1.23m
    Although have existing CBA IP fixed @ 4.49%
     
  10. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,431
    Location:
    Perth, Melbourne, USA
    AMP Loan is currently the best rate now at 3.92%