Join Australia's most dynamic and respected property investment community

LOANS

Discussion in 'Property Finance' started by Tink, 11th Mar, 2016.

  1. Tink

    Tink Member

    Joined:
    3rd Aug, 2015
    Posts:
    21
    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 Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,989
    Location:
    Sydney
    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 Mortgage Broker - Melbourne Business Member

    Joined:
    4th Mar, 2016
    Posts:
    225
    Location:
    Melbourne
    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.