Not quite.
CBA are relatively generous - but that might change.
Nab's changes come into effect this Friday - they don't look too bad (again - that's relatively speaking). They are adding a "loading" to debt held with other banks - but that loading (as far as I know) hasn't been announced yet but I suspect it will be the same as Advantedge who are implementing a loading of 28% of the loan repayment amount (and they won't convert an IO loan to P&I).
WBC no longer allow neg gearing.
ANZ....well they've always been the least generous out of the 4 when it comes to servicing so I can't see them making adjustments.
You don't have to restrict yourself to the majors.
Cheers
Jamie
If nab end up assessing ofi debt with 28%loading as i/o if ur loan is i/o, that would b more generous than cba doing actual payment at P+I calculations
However as nab uses 7.4% p+i for their own loans to calculate serviceability, instead of cba 7.25% minus discount u received off svr, would it make sense to max out cba first, then nab, then goto firstmac and adelaide bank(via mortgage managers) after that?
thanks in advance