What interest rate you have?

Discussion in 'Loans & Mortgage Brokers' started by Johnny Cashflow, 23rd May, 2017.

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  1. Zoolander

    Zoolander Well-Known Member

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    Thats alot of quotes for one post @Brady
     
    Zoolander, 24th May, 2017
    #41
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  2. Brady

    Brady Well-Known Member

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    Haha yeah :) just incase they were missed
     
    Brady, 24th May, 2017
    #42
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  3. evd

    evd New Member

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    PPOR - 4.35% IO, $199 per year, Offset
    IP - 4.35% IO, $199 per year, Offset

    Both ING..Going up to 4.5% and $299 fee next month.
     
    evd, 29th May, 2017
    #43
  4. Casteller

    Casteller Well-Known Member

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    AUD mortgage 3.88% (Westpac fixed)
    EUR mortgage 1.75%
    GBP margin loan 1.72%
    :cool:
     
    Casteller, 30th May, 2017
    #44
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  5. 45degree

    45degree Active Member

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    3 IPs with CBA 4.58% IO since earlier this month 8th May
    Variable IO for 5 years
     
    45degree, 30th May, 2017
    #45
  6. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Of the big 4 lenders, the NAB is probably the most competitive for IO loans as long as the LVR is 80% or lower. In my experience they're also the easiest to renegotiate rates with on existing loans.

    There are still cheaper loans with the second tier lenders, if you qualify under their servicing criteria.


    Right now it's easy to get cheap rates from quite a few lenders. Just be prepared to pay principal and interest, fixing helps as well.
     
    Peter_Tersteeg, 30th May, 2017
    #46
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  7. Sackie

    Sackie Well-Known Member

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    3.88 fixed Westpac. 2 years.
     
    Sackie, 30th May, 2017
    #47
  8. dabbler

    dabbler Well-Known Member

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    We may as well be talking the IR on Mars, so many variables and changing goal posts as pointed out.....it's a mugs game trying to get the best

    but

    can you advance me some money from your margin @2% please :D
     
    dabbler, 30th May, 2017
    #48
  9. Manic

    Manic Well-Known Member

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    When people are saying Westpac, does that include Bank of Melbourne, or Westpac direct?

    Have BoM got a better serviceability calculator or would it be on par with other majors?

    Also, who knows if BoM have increased their rates recently for recent APRA changes: IO and investor loans?
     
    Manic, 1st Jun, 2017
    #49
  10. Tattler

    Tattler Well-Known Member

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    I have a range of fixed loans, which is for most of my loan amount, and have been fixed late last year, or early this year:

    3.99% Fixed 5 years IO Investment (Westpac)
    3.99% Fixed 3 years IO Investment (CBA)
    3.84% Fixed 3 years IO PPOR (CBA)
    4.26% Fixed 3 years IO Investment (Westpac) - loan to be settled in 2 weeks

    And Variable Loans:
    4.02% SVR IO PPOR (CBA)
    4.44% SVR IO Investment (CBA)

    LVR is less than 80%
     
    Tattler, 1st Jun, 2017
    #50
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  11. miximitosis

    miximitosis Well-Known Member

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    You my friend, have done what a lot of other investors should have. Congrats on timing your fixed loans. Those are some sharp fixed IO rates.
     
    miximitosis, 2nd Jun, 2017
    #51
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  12. tobe

    tobe Well-Known Member

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    It's a good strategy.

    But we won't know how good those rates are relative to market for another couple of years.
     
    tobe, 2nd Jun, 2017
    #52
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  13. Brady

    Brady Well-Known Member

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    @tobe I would suggest for IHL IO he's going to be miles ahead during the fixed period.
     
    Brady, 2nd Jun, 2017
    #53
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  14. tobe

    tobe Well-Known Member

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    Not disagreeing. Just noting comparison/perspective is hard until we are thru the term.

    Those sort of fixed rates would still be available if Hilary had won. It's hard to know what rates will be in 12 or 18 months time. Maybe shorten gets in, removes negative gearing and then has to lean on banks to reduce investor rates....

    Cue everyone smarter than me to comment.
     
    tobe, 2nd Jun, 2017
    #54
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