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Credit Union higher rates for IP loans

Discussion in 'Property Finance' started by Till Kingdom Come, 31st Jul, 2015.

  1. Till Kingdom Come

    Till Kingdom Come Well-Known Member

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    Credit Union Australia (CUA) has introduced different variable rates for owner occupiers and investors.

    30 basis points difference

    Who would have thought the small players would not do the same as the biggies?
     
  2. Till Kingdom Come

    Till Kingdom Come Well-Known Member

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  3. WattleIdo

    WattleIdo renovating Premium Member

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    Nothing new here. My credit union usually has different rates and it was only in the last couple of years of easy credit that they let their hair down for a short while. That's why it was a good idea to fix with filthy low rates.
     
    Last edited: 31st Jul, 2015
  4. Redom

    Redom Mortgage Broker Business Member

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    Yep, this happened a while ago with others too (e.g. FirstMac).
     
  5. bob shovel

    bob shovel Well-Known Member

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    I won't be going back to a credit union unless i can"use"them for my situation. They provide good honest service and aren't bastards like the big 4 but aren't really built for ip world. I found i knew more than my loans manager... And i don't know mucho_O