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Discussion in 'Loans & Mortgage Brokers' started by smallbuyer, 19th Mar, 2020.

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  1. Lindsay_W

    Lindsay_W Well-Known Member

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    NAB have followed suit and have decided not to reduce their variable rate loans, only fixed rates (P&I only) for Owner Occ and Investment
    Owner Occupied P&I Fixed:
    1 year = 2.39%
    2 & 3 year = 2.29%
    4 & 5 year = 2.79%
    First Home Buyer Special = 2.19% 2 year fixed

    Investment P&I Fixed:
    1 year = 2.69%
    2 & 3 year = 2.59%
    4 & 5 year = 3.09%
     
    Lindsay_W, 20th Mar, 2020
    #21
    S1mon likes this.
  2. Scaphella

    Scaphella Well-Known Member

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    Contacted commonwealth for a discount, currently paying 4.14 on an IP IO variable loan, they said no because I already got a discount in July 2019 and now have to wait until July. Tighter than a fishes ass them lot.
     
    Last edited: 20th Mar, 2020
    Scaphella, 20th Mar, 2020
    #22
    Ketsle likes this.
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Not always

    I heard Kerry Packer was banned from more than one casino

    ta
    rolf
     
    Rolf Latham, 20th Mar, 2020
    #23
    aussieB likes this.
  4. Morgs

    Morgs Well-Known Member Business Member

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    2.19% for 2 year fixed OO with ANZ... wow.
     
    Morgs, 20th Mar, 2020
    #24
    Hetty likes this.
  5. Hetty

    Hetty Well-Known Member

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    Awesome eh. Hoping Macquarie come up with the goods!
     
    Hetty, 20th Mar, 2020
    #25
  6. Morgs

    Morgs Well-Known Member Business Member

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    From what I can see about an hour ago they're going to drop to a low of 2.39%
     
    Morgs, 20th Mar, 2020
    #26
    Hetty likes this.
  7. Hetty

    Hetty Well-Known Member

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    For fixed? Was hoping they’d do a bit better! Thanks for the info
     
    Hetty, 20th Mar, 2020
    #27
  8. Lindsay_W

    Lindsay_W Well-Known Member

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    Nah variable :D
     
    Lindsay_W, 20th Mar, 2020
    #28
    Hetty likes this.
  9. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Really?
     
    Paul@PAS, 20th Mar, 2020
    #29
  10. Hetty

    Hetty Well-Known Member

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    oh yas! That’s awesome

    I just looked at my emails and mine seems to have dropped to 2.84%, will have to ask broker. Are you getting the 2.39%?
     
    Hetty, 21st Mar, 2020
    #30
  11. krusty900

    krusty900 Active Member

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    Is this legit?havent heard anything from Macquarie...
     
    krusty900, 21st Mar, 2020
    #31
  12. Anne11

    Anne11 Well-Known Member

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    Don’t please take no for an answer. They told me that too when I first asked. Then I told them that I was aware they offered better discounts for other CBA customers and please refer me to the Customer Retention team. In the end they gave me 80% of the discount I asked
     
    Anne11, 21st Mar, 2020
    #32
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  13. Scaphella

    Scaphella Well-Known Member

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    thank you for the tip :)
     
    Scaphella, 21st Mar, 2020
    #33
  14. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    sending a dodgy discharge can work

    but often not

    ta
    rolf
     
    Rolf Latham, 21st Mar, 2020
    #34
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  15. Lacrim

    Lacrim Well-Known Member

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    Will ask Anz to match westpac ie 2.19 for 3 yrs.
     
    Lacrim, 21st Mar, 2020
    #35
  16. Hetty

    Hetty Well-Known Member

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    ANZ doing a cashback too for refinance, I think it’s $4k (that’s what ozbargain said this morning)
     
    Hetty, 21st Mar, 2020
    #36
  17. mikey7

    mikey7 Well-Known Member

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    You sure this is variable at Macquarie? Because I asked specifically and I've been told that this DOES NOT apply to variable PPOR P&I loans. My current rate is 2.84% and they said that this will not be changing.
    IP IO loans remain at 3.34%.

    Where did you get the info about 2.39%?
     
    mikey7, 21st Mar, 2020
    #37
    Hetty likes this.
  18. Morgs

    Morgs Well-Known Member Business Member

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    Not variable.. never said variable... I get my info from the source

    For our home loan clients, we’re cutting fixed rates for new home loans by 0.25% p.a. for 1, 2 and 3-year loan terms, with rates as low as 2.39% p.a. Our variable home loan clients continue to receive our lowest rates ever, which have reduced by 0.85% p.a. in the past 12 months.
     
    Morgs, 21st Mar, 2020
    #38
  19. mikey7

    mikey7 Well-Known Member

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    Makes more sense. Which is why i 'quoted' @Lindsay_W too becuase they said it was variable.
     
    mikey7, 21st Mar, 2020
    #39
    Hetty likes this.
  20. Lindsay_W

    Lindsay_W Well-Known Member

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    Yeah I was bein sarcastic ;) - no one's dropping the variable rate that low, at least not YET
    Sorry for getting your hopes up @Hetty and @mikey7 but I couldn't help myself
     
    Lindsay_W, 22nd Mar, 2020
    #40
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