LOANS

Discussion in 'Loans & Mortgage Brokers' started by Tink, 11th Mar, 2016.

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  1. Tink

    Tink Well-Known Member

    Joined:
    3rd Aug, 2015
    Posts:
    156
    Location:
    Australia
    What's everyone's thoughts with Loans at present

    NZ reducing rates
    Banks in Aus raising rates for investors

    We are pretty much variable across the board now with Westpac, St George and Rams , including Lines Of Credit, and wondering whether to make a move, have a loan health check (can we do better) or not
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,667
    Location:
    Australia wide
    Lots of changes happening with many people paying higher than they should be. Also many rebates on offer for refinancing too.
     
  3. Simon Moore

    Simon Moore Residential & Commercial Mortgage Broker Business Member

    Joined:
    4th Mar, 2016
    Posts:
    556
    Location:
    Level 2 287 Collins St Melbourne VIC 3000
    General advice only - Assuming you are all investment loans, $1m in lending and under 80% LVR then best advertised is - Fixed is 3.99% for 3 years - Basic (no offset) is 4.21% and Offset is 4.29%. Compare that to what you are currently paying any you can work out if it's worth switching :).

    If you are based in Melbourne shoot me a message and I can help out with a health check.