PI to IO spreads still narrowing for IP loans

Discussion in 'Loans & Mortgage Brokers' started by Rolf Latham, 7th Apr, 2020.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Got some pricing back today

    2.75 PI OO v
    3.49 IP IO v
    3.33 IP PI v

    16 pt spread

    Yet to push a little harder

    ta
    rolf
     
    Rolf Latham, 7th Apr, 2020
    #1
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  2. Rex

    Rex Well-Known Member

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    These are variable I assume? What are the best fixed IO rates around now?
     
    Rex, 7th Apr, 2020
    #2
  3. Eric Wu

    Eric Wu Well-Known Member

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    IP IO fixed 2.89% as of yesterday with a major
     
    Eric Wu, 7th Apr, 2020
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  4. Rex

    Rex Well-Known Member

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    Interesting, which major? (please say CBA)
     
    Rex, 7th Apr, 2020
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  5. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    2.79 Fixed IO investment with 100 % offset

    VMA

    ta
    rolf
     
    Rolf Latham, 7th Apr, 2020
    #5
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  6. Omnidragon

    Omnidragon Well-Known Member

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    Those rates are available at some of big 4. I asked last week. Standard resi sub 80% LVR $2m+
     
    Omnidragon, 7th Apr, 2020
    #6
  7. Terry_w

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

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    But with an offset?
     
    Terry_w, 7th Apr, 2020
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  8. Omnidragon

    Omnidragon Well-Known Member

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    With offset yea.
     
    Omnidragon, 7th Apr, 2020
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  9. Terry_w

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

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    ANZ offer 1 year fixed with offset. Don't know any other big 4 that off fixed and offset.
     
    Terry_w, 7th Apr, 2020
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  10. Omnidragon

    Omnidragon Well-Known Member

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    Sorry I’m comparing with the 3.49 and 3.33
     
    Omnidragon, 7th Apr, 2020
    #10
    Terry_w likes this.
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