bank FI offer

Discussion in 'Property Finance' started by redflag, 2nd Sep, 2015.

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

    redflag Member

    Joined:
    1st Jul, 2015
    Posts:
    20
    Location:
    Qld
    Bank just offered me to lock in my mortgage rate.
    4.55/1 year/2years/3years
    4.99/5years.
    I owe 150k.
    Im always suspicious when banks make offers.
    Im thinking keep to variable.
    Thx.
     
  2. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

    Joined:
    18th Jun, 2015
    Posts:
    3,586
    Location:
    Melbourne, Nationwide
    If you're looking for suggestions, then a bit more context is probably needed:
    * Which bank is this with?
    * What's the LVR?
    * Is the loan for owner occupied or investment purposes?
     
    Dustin M likes this.

What’s the one thing holding you back from having more time, money and freedom? Passive Income. And you’re just one smart Positive Cashflow investment away. Quantum Space commercial units return a huge 8% net AND we guarantee it for 12 months