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bank FI offer

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

  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:
    2,107
    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.