Wanting to sense check if being ripped off

Discussion in 'Loans & Mortgage Brokers' started by Omnidragon, 14th Mar, 2019.

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  1. Omnidragon

    Omnidragon Well-Known Member

    Joined:
    17th Oct, 2015
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    Location:
    Victoria
    Hi all - want to sense check if these borrowing rates are ok, as I haven't been actively comparing banks in the market for a while.

    7 year IO (left), WBC SVR, 1.6% discount, circa $2.7m of debt guaranteed, resi/mixed use, around $150k net rent. 0 WALE

    Commercial bank bills, ANZ, works out to be circa 4.4% P&I, $2m debt, around $200k net rent on WALE of around 6 years. Commercial/CCZ, below 50% LVR

    WBC, works out to be circa 4.5%, P&I, $7m debt, around $850k net rent on WALE of around 6 years. Commercial/CCZ, below 50% LVR

    I've had long relationships with both banks, so value that, and value set and forget, but want to make sure I'm not being ripped off.
     
    Omnidragon, 14th Mar, 2019
    #1