CBA "professional package" discount? what's the max discount?

Discussion in 'Loans & Mortgage Brokers' started by Danielt25, 18th Jan, 2016.

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  1. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    yep that's it

    Cheers

    Jamie
     
    Jamie Moore, 20th Jan, 2016
    #21
    oracle likes this.
  2. Steven Ryan

    Steven Ryan Well-Known Member

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    As of this morning, got 1.36% 80% LVR - new customer.

    Also waiting to hear back on referral for pricing on a LOC and Fixed for existing customer. See what they come back with on those.
     
    Steven Ryan, 20th Jan, 2016
    #22
  3. God_of_money

    God_of_money Well-Known Member

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    Just refinance to CBA and was given 1.45% discount off variable rate for both OO and IP loans
     
    God_of_money, 22nd Jan, 2016
    #23
  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    What were your agg borrowings and LVR?

    Cheers

    Jamie
     
    Jamie Moore, 22nd Jan, 2016
    #24
    Elives likes this.
  5. Elives

    Elives Well-Known Member

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    would there be much difference in discounting on lvr 80-95%?

    say a 300k loan 80% or a 300k loan 90% lvr
     
    Elives, 22nd Jan, 2016
    #25
  6. Steven Ryan

    Steven Ryan Well-Known Member

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    @Elives, yeah. Over 80% they're not so generous. Best I've got recently was 1.15% for max LVR of 90% and 0.88% on LVR over 90%.
     
    Steven Ryan, 22nd Jan, 2016
    #26
    Elives likes this.
  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    It's hit and miss.

    I've recently obtained 1.36% on $380k at 90%

    Cheers

    Jamie
     
    Jamie Moore, 22nd Jan, 2016
    #27
    Elives likes this.
  8. Steven Ryan

    Steven Ryan Well-Known Member

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    Steven Ryan, 22nd Jan, 2016
    #28
  9. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    They were new.

    Cheers

    Jamie
     
    Jamie Moore, 22nd Jan, 2016
    #29
  10. Steven Ryan

    Steven Ryan Well-Known Member

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    Nice.
     
    Steven Ryan, 22nd Jan, 2016
    #30
  11. Redwood

    Redwood Well-Known Member

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    Good thread to read this one, got 1.42 on $1.2m this week.

    Cheers Ivan
     
    Redwood, 22nd Jan, 2016
    #31
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  12. God_of_money

    God_of_money Well-Known Member

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    Refinance to release some equity. $1.4-1.5 mil with 80%LVR I/O.
    PAYG ~450k/year
     
    God_of_money, 23rd Jan, 2016
    #32
  13. Balman

    Balman Well-Known Member

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    Looking back at this thread 8 years ago CBA were offering an approx discount of 1.4% when we had a higher RBA base rate then today. Fast forward to today and discounts are over 2%, i'm assuming their hunger for loans has grown over time
     
    Balman, 14th Jul, 2022
    #33
  14. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    More like need to stay at least halfway competitive to stay afloat

    New biz rates at 70 LVR or less are okish, but still a struggle to get them anywhere near the mid tier lenders for LVRs 70 and >

    > 90 at CBA is really poor compared to say WBC comparing like for like

    ta
    rolf
     
    Rolf Latham, 14th Jul, 2022
    #34
    Balman likes this.
  15. ozcsr007

    ozcsr007 Member

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    On professional package for new IO loans(LVR=80%) what is the best discount we can get with ANZ?
     
    ozcsr007, 22nd Jul, 2022
    #35
  16. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    With offset or no offset?

    Also what is the loan amount
     
    Shahin_Afarin, 22nd Jul, 2022
    #36
  17. ozcsr007

    ozcsr007 Member

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    Most likely with offset. Overall loan amount around 3.7 million
     
    ozcsr007, 22nd Jul, 2022
    #37
  18. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    You would need to submit a special pricing at $3.7mil - the rate should be somewhere in between 3.89% and 4.14% for investment IO.

    Westpac is most aggressive for loans over $2.5mil and they are around 3.59% for investment IO.
     
    Shahin_Afarin, 22nd Jul, 2022
    #38
    ozcsr007 likes this.
  19. ozcsr007

    ozcsr007 Member

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    Thanks Shahin, will try to neg the rate with pricing team once my loan gets settled.
     
    ozcsr007, 22nd Jul, 2022
    #39
  20. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    You'll get a better result if you do this at the time of application. Post settlement pricing is never as good as what they offer new customers.
     
    Peter_Tersteeg, 22nd Jul, 2022
    #40
    ozcsr007 likes this.
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