PPOR Loan advice

OO loan, 1 offset account. If your Westpac rep is not coming to the table, try asking Terry if he can take you on?

 

Terry, what's the loan size if you don't mind sharing? Thanks

 

Sorry it was 4.18%. Loan size was about $450k from memory. 1.30% off.

I think I did have another 1.35% off too, but that was around $2mil loan.

 

I was just discussing with them and doing some research on the market inbetween spare time. Anz came up similar so obviously the home loans department over phone doesn't do very great deals for retail. At least those I've dealt with.

Besides the high rate is citi hard to refinance or not a recommended lender in using to build your starting investment portfolio?

How about st george? A few months bank i remember their being alot of pro st george posts as they had package fees waived and what not, some good deals... How do they rate in the scheme of portfolio building, equity refinancing for future deposits etc?

Or is it still best to stick with a big 4, minus nab which i remember in another post jess you explained the pros for leaving nab to a later lender of choice rather than your first loans....

 

It depends if you're using LMI or not, how fast you'll buy IP2, a host of things - it's not a one size fits all, generic thing.

I would only use Citi if I needed them for a niche, they're not usually a go-to lender for standard stuff.

 

Was that PPOR P&I or PPOR I/O if you don't mind sharing?

 

PPOR. IO

 

Not bad for 1.3% off 5.48. Their rocket loan product? There's an annual package fee though?

Do you find it is your bdm coming to the party or are they all obliged relatively to pass on a similar rate across retail and brokers if they ask?

 

Yes there is an annual fee - but sometimes can get it waived in year 1. Also there is the rebates available too.

And yes BDM can come to the party - it depends.