Interest rates 2022

Discussion in 'Loans & Mortgage Brokers' started by scientist, 24th Jun, 2022.

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  1. scientist

    scientist Well-Known Member

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    What are people paying right now as existing customers on P&I vs IO and OO vs IP and which bank?

    I'm on 3.41% P&I OO... sad! I think it's time to refinance
     
    scientist, 24th Jun, 2022
    #1
  2. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    What LVR?
     
    Property Twins, 24th Jun, 2022
    #2
  3. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    3.64% Interest Only.. variable.. IP. 80% LVR
     
    Ariyahn2011, 24th Jun, 2022
    #3
  4. Paul@PAS

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

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    What income, security, residency, tax issues. ? I just renegotiated to under 2%...three year fixed. Under 50% lvr. P&I. Context is important. Not aud!!! But is smsf property
     
    Paul@PAS, 24th Jun, 2022
    #4
  5. scientist

    scientist Well-Known Member

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    Around 50% across the portfolio
     
    scientist, 7th Jul, 2022
    #5
  6. Yson

    Yson Well-Known Member

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    if i have few fixed rates loan with ANZ and expiring soon, and looks like their 2 yr investment IP fixed is about above 5.69%, is it true or possible if i get a mort broker and can renogitate the rates down, its currently at 70% LVR?
     
    Yson, 8th Jul, 2022
    #6
  7. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

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    Variable yes...Fixed probably not that much movement.
     
    Tony Xia, 8th Jul, 2022
    #7
  8. Vangeli Kollias

    Vangeli Kollias Member

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    Variable would be the go to now in this market. Wouldn't be able to negotiate with a better fixed rate unless you'd be willing to change lenders
     
    Vangeli Kollias, 10th Jul, 2022
    #8
  9. Generali

    Generali Well-Known Member

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    Canberra
    What currency are you borrowing in Paul and do you do anything to hedge currency movements?

    CHF mortgages used to be popular in the UK in the 1980s as their rates were c. 2% vs 8-10% or more in the UK.
     
    Generali, 16th Jul, 2022
    #9
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