Best WBC rates available?

Discussion in 'Loans & Mortgage Brokers' started by housechopper2, 26th Aug, 2019.

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  1. housechopper2

    housechopper2 Well-Known Member

    Joined:
    5th Oct, 2016
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    Location:
    Melbourne
    I’ve got a meeting with Westpac scheduled this week to renegotiate my loans. Can you please advise what are the best available rates are from them at the moment for a $600k loan Owner Occ. or Investment lending?
     
    housechopper2, 26th Aug, 2019
    #1
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
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    Location:
    Gold Coast (Australia Wide)
    their fixed rate mix is pretty good

    WBC is a good product mix, with fully featured loans so dont expect "no frills" rates per se.

    One thing that has helped us a bit with clients getting to the bank is Macs 3.24 PI oo v at < 70 %, and their 3.74 IO IP v at < 70. Mac is superior product for many, and while wbc wont match, it will usually scare their retention enough to sharpen the pencil at bunch

    ta
    rolf
     
    Rolf Latham, 26th Aug, 2019
    #2
    Francesco, Lindsay_W and housechopper2 like this.