Is anyone fixing soon?

Discussion in 'Loans & Mortgage Brokers' started by ATANG, 21st Jul, 2015.

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  1. sash

    sash Well-Known Member

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    Just fixed two of my loans with Suncorp for 4.29% for 3 years.

    One of the better 3 year rates.
     
    sash, 28th Jul, 2015
    #41
  2. ATANG

    ATANG Well-Known Member

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    isn't there a 4.19% for three years one?
     
    ATANG, 29th Jul, 2015
    #42
  3. montoya

    montoya Well-Known Member

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    I sent off a request to fix our IO loan with AMP today. Currently on 4.45% variable. Expecting them to follow suit with all other major banks and increase their investor loans anywhere between 0.25-1%. Even at the lower end of the scale and including associated fees to fix , we will be better off within 7 months to take up their current deals.

    It's a no brainer...
     
    montoya, 29th Jul, 2015
    #43
  4. sash

    sash Well-Known Member

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    Not for IPs

     
    sash, 29th Jul, 2015
    #44
  5. DanW

    DanW Well-Known Member

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    We been busy, fixed AMP, Macquarie, St George, NAB, CBA, and Westpac.

    All different expiry dates, 1yr, 2yr, 3yr so that depending when the APRA siege ends, we have something ready a little bit at a time..

    Some of the fixed rates are extremely good historically, and since we can't draw equity anymore we can survive at least a year without touching these.
     
    DanW, 29th Jul, 2015
    #45
  6. Sashatheman

    Sashatheman Well-Known Member

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    just submitted paperwork to CBA to get two of our investment properties switched from variable rates to fixed for 2 years. I think it works out better for us anyway because one of the variable % amounts was higher.
    IP1: was 4.75% now 4.49%
    IP2: was 4.40% now 4.49%
     
    Sashatheman, 29th Jul, 2015
    #46
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  7. Blacky

    Blacky Well-Known Member

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    I fixed a bit yesterday with CBA at 4.49%. I believe that today is the last day this rate is available before it moved up to 4.79.

    Blacky
     
    Blacky, 29th Jul, 2015
    #47
  8. RetireRich101

    RetireRich101 Well-Known Member

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    In this Post, we see some respected/experienced investor fixing 2 or 3 years, others saying "it's no brainer..", and even Broker saying "Fixing is not such a bad idea after all..". Normally a post like this, will be torn down by Broker with fixing concerns due to flexibility etc.

    would love to see a new post "Fixing V Variable in an APRA Season" by a Broker....
     
    Last edited: 29th Jul, 2015
    RetireRich101, 29th Jul, 2015
    #48
  9. Tranquilo

    Tranquilo Well-Known Member

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    No I'm waiting to hear back from my broker about fixing. I haven't settle yet on this loan from CBA. Looks like I'm going to miss out.
     
    Tranquilo, 29th Jul, 2015
    #49
  10. Blacky

    Blacky Well-Known Member

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    Ask your borker about doing a rate lock then.
     
    Blacky, 29th Jul, 2015
    #50
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  11. Tranquilo

    Tranquilo Well-Known Member

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    Thanks Blacky I will.
     
    Tranquilo, 29th Jul, 2015
    #51
  12. Tekoz

    Tekoz Well-Known Member

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    @Sashatheman how long would you fixing those Interest Only loan for ?
     
    Tekoz, 29th Jul, 2015
    #52
  13. smokyjoe

    smokyjoe Well-Known Member

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    Just fixed one of my CBA loans for 3 years @ 4.49%. I was seriously tempted to do 5 years @ 4.79%. I hope I made the right choice.

    My broker submitted a pricing request yesterday, but still hadn't heard back today. After reading this thread I realised that I wanted to move today, and my broker advised that any discount he could negotiate would be negated by the rate rise tomorrow, so I called up CBA and did it myself.

    I expected there would be a long queue, but it only took me 2 mins to speak to someone!
     
    smokyjoe, 29th Jul, 2015
    #53
  14. Sashatheman

    Sashatheman Well-Known Member

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    I fixed the two loans for 2 years, but asked for the interest only period to be for 5 years.
     
    Sashatheman, 29th Jul, 2015
    #54
  15. Tranquilo

    Tranquilo Well-Known Member

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    I'm looking at the CBA site now. 4.49 fixed comparison rate 5.3. So really is it 5.3 rate
     
    Tranquilo, 29th Jul, 2015
    #55
  16. Bunlee

    Bunlee Well-Known Member

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    I just popped into the St George Bank site to have a look at fixed rates - the rates are blank for all home loan products both fixed and variable.

    Sort of get the feel like when the bookies move the odds board to a point in between the odds display to indicate no more bets for the moment when they have been hit by a big bet from money in the know :confused:
     
    Bunlee, 29th Jul, 2015
    #56
  17. Tranquilo

    Tranquilo Well-Known Member

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    I just sent the application to Fix my ING IP. Fixed for 3yrs at 4.45 comparison 4.65 IO.

    Still not really sure what comparison is. Does it mean really I'm paying 4.65? if so why even mention 4.45
     
    Tranquilo, 29th Jul, 2015
    #57
  18. Owlet

    Owlet Well-Known Member

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    Can anyone confirm if the Cba cut off was today?
     
    Owlet, 29th Jul, 2015
    #58
  19. abbyfresh

    abbyfresh Well-Known Member

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    Just fixed one with ME bank for 3 years - 4.03% + another one with CITI bank 4.49% for 3 years.
     
    abbyfresh, 29th Jul, 2015
    #59
  20. Hodor

    Hodor Well-Known Member

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    I just fixed two loans. Left one we are planning to get equity from and refi to a different lender.
     
    Hodor, 29th Jul, 2015
    #60
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