Variable interest rates - what are you paying?

Discussion in 'Loans & Mortgage Brokers' started by bunkai, 3rd Jun, 2019.

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  1. bunkai

    bunkai Well-Known Member

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    With all this interest rate talk/change and some fixed mortgages coming closed to term, I'm interested in what others are negotiating?

    ( Before all the brokers jump in. Yes there are other important factors but question here is rate. )

    Bank Total lending PPOR(IO) PPOR(PI) Investment(IO) Investment(PI) Package
    WBC 2.5+M 4.77% - 5.04% - yes
     
    bunkai, 3rd Jun, 2019
    #1
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  2. Indifference

    Indifference Well-Known Member

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    4.1%
     
    Indifference, 3rd Jun, 2019
    #2
  3. bunkai

    bunkai Well-Known Member

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    Lost the formatting

    Bank: WBC (Package)
    Total lending: 2.5M
    PPOR (IO): 4.77%
    PPOR (P&I): -
    IP (IO): 5.04%
    IP (P&I): -
     
    bunkai, 3rd Jun, 2019
    #3
  4. Zoolander

    Zoolander Well-Known Member

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    Only my ppor is variable at 4.07%
     
    Zoolander, 3rd Jun, 2019
    #4
  5. TwoDogs

    TwoDogs Well-Known Member

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    WBC PPOR 4.07 var P/I
    AMP IP 4.58 var (I/O)
     
    TwoDogs, 3rd Jun, 2019
    #5
  6. Hockey Monkey

    Hockey Monkey Well-Known Member

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    HSBC 1.2M PPOR(PI): 3.55% var
    BOQ 1.2M INV(PI): 3.84% var (including 0.15% refunded trailing commission)
     
    Hockey Monkey, 3rd Jun, 2019
    #6
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  7. Danielt25

    Danielt25 Well-Known Member

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    Is BOQ, BOQ specialist?
     
    Danielt25, 4th Jun, 2019
    #7
  8. Hockey Monkey

    Hockey Monkey Well-Known Member

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    I don't think so, I am not a medical professional. It was through a broker, Clear Path product.
     
    Hockey Monkey, 4th Jun, 2019
    #8
  9. sumterrence

    sumterrence Well-Known Member

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    Wbc
    Ppor 3.8% var p&i
    Inv 4.3% var p&i

    Total loan size just slightly above $2.1m
     
    sumterrence, 4th Jun, 2019
    #9
  10. RS Gumby

    RS Gumby Well-Known Member

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    Inv 3.99 p&I Ubank
     
    RS Gumby, 5th Jun, 2019
    #10
  11. Sydboyz

    Sydboyz Active Member

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    Ppor hsbc variable p&i 3.68%
    Inv Stgeorge fixed i/o 4.19%
    Inv StGeorge fixed p&i 3.94%
    Inv Nab var 90% LVR var i/o 4.29%
     
    Sydboyz, 6th Jun, 2019
    #11
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  12. Elives

    Elives Well-Known Member

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    NAB ppor 380k p&i 4.1% variable
    CBA 2x inv 412.5k p&i 4.5% variable

    i feel like i'm paying more then average for my rates.. what do you guys think?

    Cheers, Elives
     
    Elives, 9th Jun, 2019
    #12
  13. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    marginally yes with those lenders

    what are the lvrs and why PI on IP, when you have a PPOR loan ?


    ta
    rolf
     
    Rolf Latham, 9th Jun, 2019
    #13
  14. Elives

    Elives Well-Known Member

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    less then 80% lvr on all, and p&i as they increased io rates by .5% with cba
     
    Elives, 10th Jun, 2019
    #14
  15. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    the fixed rate spread with many lenders on IO investment debt to PI investment loans is now marginal, and in some cases nil

    ta

    rolf
     
    Rolf Latham, 10th Jun, 2019
    #15
  16. Elives

    Elives Well-Known Member

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    i don't understand your reply in relation to variable rates, are you saying that they are normal?
     
    Elives, 10th Jun, 2019
    #16
  17. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Im suggesting, that if one looks around at funding options, IO rates arent much bigger than PI rates, and in some cases the same

    ta

    rolf
     
    Rolf Latham, 10th Jun, 2019
    #17
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  18. Lacrim

    Lacrim Well-Known Member

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    Believe the SVR (Standard Variable Rate) for NAB is 5.36%. Anyone getting a discount off the SVR approaching 2%?

    I think 1.5% is (reasonably) easy to get but any more than that is well, a little more difficult.
     
    Lacrim, 13th Jun, 2019
    #18
  19. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    not 2 %, but have seen some 1.7 equivalents when they need to hold business

    ta
    rolf
     
    Rolf Latham, 13th Jun, 2019
    #19
  20. Lacrim

    Lacrim Well-Known Member

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    Tx. Will keep that in mind. Another rate reduction and I 'could' be paying less than 3.5%....if I can get a 1.7 reduction that is.
     
    Lacrim, 13th Jun, 2019
    #20
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