ANZ breakfree package

Discussion in 'Loans & Mortgage Brokers' started by Steve_B, 1st Feb, 2016.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    14th Jun, 2015
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    Gold Coast (Australia Wide)
    You have a bigger ANZ book than me obviously : )


    wbc 97 % lend IP loan

    takes a phone call

    CBA takes a form

    NAB takes a body part

    ta
    rolf
     
    Rolf Latham, 1st Feb, 2016
    #21
    Jamie Moore and 158 like this.
  2. MC1

    MC1 Well-Known Member

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    22nd Jun, 2015
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    Location:
    Melbourne
    ANZ is definitely one of my preferred.
    Lol .... NAB easier to write a self employed with trusts all over the place .. than dealing with an IO renewal
     
    MC1, 1st Feb, 2016
    #22
  3. albanga

    albanga Well-Known Member

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    19th Jun, 2015
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    2,701
    Location:
    Melbourne
    Just aside note I just got a letter from ANZ that the break free annual fee is up $20 to $395 now. They justified it by saying you can now get one of the points cards fees waived.
     
    albanga, 2nd Feb, 2016
    #23
  4. Sonamic

    Sonamic Well-Known Member

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    Ok thanks. My product with them is a couple of years old now.
     
    Sonamic, 2nd Feb, 2016
    #24
  5. Corey Batt

    Corey Batt Well-Known Member

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    I've had clients who have not activated the card/cancelled it post settlement. Then next time you want to do any changes, ANZ then requests the card be reissued and activated for them to proceed. I'm not sure in that case if you remove card, whether the discount will remain after the first year or if they don't bother checking you still meet all criteria.
     
    Corey Batt, 2nd Feb, 2016
    #25
  6. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    03 9877 3000
    @albanga I got the same letter. Pain in the neck.

    Keep in mind though, this increase brings it in line with the other majors and it's been cheaper for at least 15 years now.
     
    Peter_Tersteeg, 2nd Feb, 2016
    #26
  7. Big Will

    Big Will Well-Known Member

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    If you are good with money it can be beneficial.

    You also get the advantage of 30-60 days interest free on the credit card. I put a lot of my expenses on the credit card and just have an extra month of saving interest on my offset.
     
    Big Will, 2nd Feb, 2016
    #27
  8. Big Will

    Big Will Well-Known Member

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    I just got my IO period extended with ANZ on the PPOR and was in and out within 5 mins and got it extended for 5 years.
     
    Big Will, 2nd Feb, 2016
    #28
  9. Corey Batt

    Corey Batt Well-Known Member

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    Location:
    Adelaide, SA
    Obviously a non LMI deal.

    LMI: Full application
    No LMI paid: tick and flick - easy as it gets.
     
    Corey Batt, 2nd Feb, 2016
    #29
  10. Big Will

    Big Will Well-Known Member

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    Melbourne, Australia
    Correct originally setup as an 80 LVR, being Melbourne the value went up but the loan still the same ;)
     
    Big Will, 2nd Feb, 2016
    #30
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