Poll - 10 Year Fixed Rate 2.75%

Discussion in 'Loans & Mortgage Brokers' started by euro73, 16th Mar, 2016.

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Who would take a 2.75% fixed rate for 10 years, Interest Only ?

  1. Absolutely - wouldnt think twice.

    45 vote(s)
    63.4%

  2. Not on your life

    2 vote(s)
    2.8%

  3. Yes but only if I was guaranteed that break costs were 10K or less if I exited within 10 years

    24 vote(s)
    33.8%
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  1. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Melbourne
    Skilled_Migrant, 16th Mar, 2016
    #21
  2. Bran

    Bran Well-Known Member

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    At work
    Nope, not on any of my properties. I have plans for each of them within 10 years. And if I didn't, I cannot lock in with that surety.
     
    Bran, 16th Mar, 2016
    #22
  3. Sonamic

    Sonamic Well-Known Member

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    Sunny QLD
    As long as they'll let me Cash Out at 95% no LMI first. Sure.
     
    Sonamic, 16th Mar, 2016
    #23
    Cactus likes this.
  4. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,130
    Location:
    The beautiful Hills District, Sydney Australia

    That side of it - ie pay down non deductible debt fast, improve borrowing capacity via that aggressive debt reduction, and build a portfolio with the improved equity and borrowing capacity IS related to NRAS
     
    euro73, 16th Mar, 2016
    #24
  5. TaylorChang

    TaylorChang Well-Known Member

    Joined:
    2nd Jul, 2015
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    Location:
    Sydney
    I will take it if there is an offset account attached with it :)
     
    TaylorChang, 17th Mar, 2016
    #25
  6. Northy85

    Northy85 Well-Known Member

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    18th Jun, 2015
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    Location:
    Brisbane
    This would be great!
    I'd sign all my properties up and then buy as many more high yeilding residential properties as I could with my borrowing capacity, then quit work and travel for 2 years.
     
    Northy85, 17th Mar, 2016
    #26
    keithj likes this.
  7. Johann_

    Johann_ Well-Known Member

    Joined:
    1st Jun, 2017
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    374
    Location:
    Melbourne
    Whats the point even wasting time on this POLL?
     
    Johann_, 17th Mar, 2016
    #27
  8. teetotal

    teetotal Well-Known Member

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    7th Nov, 2015
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    736
    Location:
    Sydney
    To feel good ;) hypothetically !!
     
    teetotal, 17th Mar, 2016
    #28
    Johann_ likes this.
  9. teetotal

    teetotal Well-Known Member

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    7th Nov, 2015
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    Location:
    Sydney
    I voted yes as it looks very appealing :)
     
    teetotal, 17th Mar, 2016
    #29
  10. dabbler

    dabbler Well-Known Member

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    Never held any loan for that long, so would have to be no huge costs to sell or get out.
     
    dabbler, 18th Mar, 2016
    #30
  11. Omnidragon

    Omnidragon Well-Known Member

    Joined:
    17th Oct, 2015
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    Location:
    Victoria
    It would depend on what the variable was at the time. Easy to say I'll take it now, but what if variable rates were 1.5%?

    I wouldn't take it if I was in Europe or Japan, or most parts of Asia.
     
    Omnidragon, 20th Mar, 2016
    #31
  12. thydzik

    thydzik Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    552
    Location:
    Perth
    no, too long to be locked in.
     
    thydzik, 22nd Mar, 2016
    #32
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