Whats you Interest rate?

Looking to refix an existing loan with NAB.

NAB offered us a rate of 3.89% Principal and Interest repayments or Interest only repayments , same rate for both on investment loan. This is to renew a current fixed NAB loan for a 3 year term. LVR is less than 75%. Loan amount is 380000.

They offered 2 years fixed at 3.90 PI or 4.00 for IO

I know Ubank is 3.69% for 3 years but this is easier and seems like a good deal.

Very tempted to take the 3 year fixed IO with NAB, I am making the assumption that if fixed rates rise and we decided to sell in 2 years that the economic break fees will be nil or very low.

Is this a reasonable assumption?

Cheers
Kevin

 

I am with Nab at the moment and my rate is 3.9% for my OC loan. Found that HSBC is having a good rate at the moment. 3.55% for owner occupiers. Thinking to refinance....

 

Dear all,

I am going to buy a property in Perth. I am wondering what bank and rate you guys are recommending. I am trying to go with ANZ and NAB. Do you recommend having fixed or variable rate? if so, 30% Variable 70% Fixed or 50%:50%. thanks.

 

Your question is a bit vague!

 

The lender you go with will have a lot more to do with your future plans and your servicing - the rate is important but usually comes second to making sure the bank is right for you.

In terms of variable vs fixed, again it depends - it's usually best to have a conversation about your plans and circumstances to establish the best way forward.

 

"What is the best car for me without any information on my personal situation being provided?"

 

"Whats the best medicine for me?"

 

You need to ride a bike instead. It'll fix the health problem too.

 

4.22% with St George IO variable, with $800k in loans for my IP.

 

Adelaide Bank just bumped me up to 4.45% on an I/O variable IP loan.

Small loan, $235,000 @ 45% LVR

Still shirty as I only re-fi with them a few months ago.

 

Adrian, at a 45% lvr that is a bit rich even for a loan of $235,000.

You might have been better off in increasing the loan to > 250k even if the secondary split of $15,000 was repaid on settlement.

The larger loan size might have got you a higher discount.

 

I got offered variable 4.45% at 89% LVR with a loan sub 450k with cba.

Seems a bit high.

 

CBA and the majors in general aren't playing the pricing game much at this time. A few months ago that amount of lending would have potentially got you 4.06%. There are other options closer towards the 4% mark, but it depends what your overall needs are - CBA remain as a very flexible lender for investors building their initial portfolio.

 

I've been told by several mortgage brokers that'd they generally use cba first during the accumulation phase. I'll see if I can negotiate the rate a bit.