Share your Best Interest Rate for IP/IPs

Discussion in 'Loans & Mortgage Brokers' started by MTR, 1st Dec, 2016.

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  1. MTR

    MTR Well-Known Member

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    My best rate to date is @ 3.82%, AMP.

    I cant believe how low ?? Anyone doing better... share please
     
    MTR, 1st Dec, 2016
    #1
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  2. melbournian

    melbournian Well-Known Member

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    3.69 BOQ - Also Cash back 3-4K commissions.
     
    melbournian, 1st Dec, 2016
    #2
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  3. MTR

    MTR Well-Known Member

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    Nice
     
    MTR, 1st Dec, 2016
    #3
  4. kierank

    kierank Well-Known Member

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    @MTR, you beat me.

    My lowest is 3.85%. Hardly worth putting money in the Offset.
     
    kierank, 1st Dec, 2016
    #4
  5. ndpjai

    ndpjai Well-Known Member

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    Can u please explain in detail, TA. Is it normal to get that low interest date easily and what is the cash back.
     
    ndpjai, 1st Dec, 2016
    #5
  6. Shawn

    Shawn Well-Known Member

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    3.65% AMP
     
    Shawn, 1st Dec, 2016
    #6
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  7. melbournian

    melbournian Well-Known Member

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    Fixed for 3 years broker is my friend and is willing to do cashback as a special till end of the year for everyone meaning he is giving his commission
     
    melbournian, 1st Dec, 2016
    #7
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  8. RJS

    RJS Well-Known Member

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    Wow.bought my first IP in brissy with CBA 4.99
    I need help.
     
    RJS, 2nd Dec, 2016
    #8
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  9. DhuCat

    DhuCat Member

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    1.25%. HSBC lifetime tracker @ 1% above base rate. UK. Does that count?
     
    DhuCat, 2nd Dec, 2016
    #9
  10. gforced

    gforced Member

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    4.14 WBC (and i though i was doing well) ! some of these rates sound amazing!
     
    gforced, 2nd Dec, 2016
    #10
  11. Sonamic

    Sonamic Well-Known Member

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    I've got 2 @ 3.89%. The rest are under 4.2%.
     
    Sonamic, 2nd Dec, 2016
    #11
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  12. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Macquarie P/I portion of PPOR: 3.99%
    Macquarie IO portion of PPOR 4.24%
    Choicelend IO for IP1 (only have 1 IP so far :( ) 4.11%
     
    Dan Donoghue, 2nd Dec, 2016
    #12
  13. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Yes you do! :) How long ago was that?
     
    Jess Peletier, 2nd Dec, 2016
    #13
  14. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    We've had these discussions before but don't mistake a BoQ cheap product as being the same as a WBC at 4.14%. Even though the rate is higher the policy and service behind the more expensive loan can be worth its weight in gold.

    Cheap is not necessarily best especially for investors.
     
    Jess Peletier, 2nd Dec, 2016
    #14
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  15. RJS

    RJS Well-Known Member

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    Took mid April
     
    RJS, 2nd Dec, 2016
    #15
  16. Lacrim

    Lacrim Well-Known Member

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    Is that for an OO property or investment. If latter, do tell on how you secured this plz!
     
    Lacrim, 2nd Dec, 2016
    #16
  17. Lacrim

    Lacrim Well-Known Member

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    3.69% fixed for 3 yrs
     
    Lacrim, 2nd Dec, 2016
    #17
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  18. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Was it a very small loan amount? Very high LVR?
     
    Jess Peletier, 2nd Dec, 2016
    #18
  19. MTR

    MTR Well-Known Member

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    Is that fixed? better than my rate? I am going to negotiate if its not
     
    MTR, 2nd Dec, 2016
    #19
  20. Shawn

    Shawn Well-Known Member

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    Latter, but I am on the Staff Plan as I was a staff member with the bank.

    Nope. It's variable. I was working in the bank and this was a product they pitched to staff in mid-2015.
     
    Shawn, 2nd Dec, 2016
    #20
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