Best interest rates in the market in 2020

Discussion in 'Loans & Mortgage Brokers' started by Switchtronics, 8th Jan, 2020.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Gold Coast (Australia Wide)
    new money is as low as 3.87........sometimes even less

    but one cant expect that on back book loans

    ta

    rolf
     
    Rolf Latham, 17th Jan, 2020
    #21
  2. milobear

    milobear Well-Known Member

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    Sydney
    My two years fixed rate with Suncorp is about to end in early April. I am able to end the fixed rate 60 days early, which I am leaning towards if my rates will be lower.

    My current fixed rate is 4.29% IO LVR 88% investment loan.

    I currently have 12 months left of IO period. So by the time I end my fixed period, I wouldn't be able to fix for a 1 year as it'd be less than a year. I will then rollover onto IO variable.

    From what I can see on their rates page, it'd be rolled into a 5.37% IO variable investment loan (With home package). My loan currently has a life time discount of 1.7% (Discount prior to being fixed). Based on this, would my rate be 3.67% when I'm off the fixed rate?

    Otherwise, any brokers know what's the cheapest achievable rate with Suncorp? IO, variable, LVR 88%, Investment loan.

    Cheers
     
    milobear, 18th Jan, 2020
    #22
  3. sumterrence

    sumterrence Well-Known Member

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    2.95% OO var p&i
    3.3% inv var p&i

    Total exposure over $2m
     
    sumterrence, 19th Jan, 2020
    #23
  4. Switchtronics

    Switchtronics Well-Known Member

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    Whos that with?
     
    Switchtronics, 20th Jan, 2020
    #24
  5. Dean Collins

    Dean Collins Well-Known Member

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    Time to leave St George then.....if you dont walk....they'll never change.
     
    Dean Collins, 21st Jan, 2020
    #25
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    There is a reason why my mentor group calls the Dragon ..........Draaaging

    ta
    rolf
     
    Rolf Latham, 21st Jan, 2020
    #26
  7. Never giveup

    Never giveup Well-Known Member

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    Seelling an IP and paying off the loan on settlement followed by refinance PPOR to pull out the equity and get as much as one can (70%/80% lvr) because higher serviceability will Maquarie offer 2.99?
     
    Never giveup, 21st Jan, 2020
    #27
  8. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    3.74 IO Investment variable
    89.90 LVR
    10 years Interest only
    rolling to 3.48 PI under Industry Policy AND Pro pack.
    750 k plus lend and total aggregate
    Worstpac

    Yet to be formally approved and documented

    will advise in due course

    ta
    rolf
     
    Rolf Latham, 23rd Jan, 2020
    #28
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  9. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    03 9877 3000
    Just got a new lender on my panel...

    80% P&I variable, basic loan (no offset, no ongoing fees)
    Owner Occ: 2.74%
    Investment: 3.09%

    The fixed rates are fairly sharp as well. Still playing with their servicing calculator and policies to see where the fit.
     
    Peter_Tersteeg, 23rd Jan, 2020
    #29
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  10. Tex333

    Tex333 Member

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    Location:
    Tasmania
    For me:
    Investment 3.09 with LVR <80 and 270k lend.
    Big 4.
     
    Tex333, 23rd Jan, 2020
    #30
  11. spludgey

    spludgey Well-Known Member

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    Why the secrecy?
     
    spludgey, 23rd Jan, 2020
    #31
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  12. Barny

    Barny Well-Known Member

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    IMG_7179.PNG

    Is this true? Was on a realestate.com.au Facebook add.
     
    Barny, 25th Jan, 2020
    #32
  13. bismarck

    bismarck Member

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    3.45 for 80% INV P&I var refi. 3.05 for 80% OO P&I variable new purchase.

    NAB choice package + $4k rebate for the INV refi and $2k rebate for OO purchase.
     
    bismarck, 25th Jan, 2020
    #33
    Navjit and Anne11 like this.
  14. Never giveup

    Never giveup Well-Known Member

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    No option fir debt recycling ?(assumption)
     
    Never giveup, 25th Jan, 2020
    #34
  15. Omnidragon

    Omnidragon Well-Known Member

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    Sounds pretty good. Get me on
     
    Omnidragon, 26th Jan, 2020
    #35
  16. spludgey

    spludgey Well-Known Member

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    That's OO though not IP.
     
    spludgey, 28th Jan, 2020
    #36
  17. Never giveup

    Never giveup Well-Known Member

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    Will it be a same investment interest rate if one wants to borrow to invest overseas (apartment purchase)?
     
    Never giveup, 31st Jan, 2020
    #37
  18. Dean Collins

    Dean Collins Well-Known Member

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    what are the 3 year and 5 year fixed like? IP (IO or P+I doesnt matter), <80% LVR

    have 2 loans coming off St George in 4 months.
     
    Dean Collins, 1st Feb, 2020
    #38
  19. Dean Collins

    Dean Collins Well-Known Member

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    Most Australian banks wont lend for this.

    You need to provide some other collateral eg current Australian home.
     
    Dean Collins, 1st Feb, 2020
    #39
  20. Never giveup

    Never giveup Well-Known Member

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    Thanks @Dean Collins

    Not even the likes of pepper etc?
     
    Never giveup, 2nd Feb, 2020
    #40
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