folks,
I'm hoping to pickup my next IP soon ... and will be looking to borrow @ 80% LVR with preference for variable loan.
The NAB 3yr variable at 5.69% is tempting ==> http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/2/20/8
I don't require any offset facilities hence ok on that front. Unfortunately this loan doesn't offer IO repayment ... hence need to weigh that up. The idea being that I can compromise with P+I for 3 years and then move it over to the NAB Choice package with new valuation (with it's respective % discount off the standard variable)
Anyone see any other 'gotchas' with this one? ==> http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/2/1/3
I'm hoping to pickup my next IP soon ... and will be looking to borrow @ 80% LVR with preference for variable loan.
The NAB 3yr variable at 5.69% is tempting ==> http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/2/20/8
I don't require any offset facilities hence ok on that front. Unfortunately this loan doesn't offer IO repayment ... hence need to weigh that up. The idea being that I can compromise with P+I for 3 years and then move it over to the NAB Choice package with new valuation (with it's respective % discount off the standard variable)
Anyone see any other 'gotchas' with this one? ==> http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/2/1/3