Recent content by Fundamental

Hi Miss V. At the absolute most, you'd be looking at a variable rate of 8% (That's with ING Direct Commecial), but depending on many factors (the pereceived risk to the bank, borrowing amount, LVR, etc) you could be as low as the high 6's/low 7's.

I'll just say one thing. Remember when HSBC brought out their awesome fixed rate a few months ago? Then we saw some 2 year fixed rates at 5.5%? Now we have a 3 year at 4.99%. All I'm saying is that perhaps good things come to those who wait... :) I'm personally hanging out for a...

If you read just half of Rolf's posts, you'll see that he know's his stuff :)

Definitely harder than even six months ago. St George would probably be your best choice. They still have an option to waive LMI and instead pay a higher interest rate on 100% loans - though that's probably on the way out. Otherwise, that $20K in cash you have will be gobbled up by your...

So sorry, I didn't realise one had to post a minimum amount of times before being allowed to provide news. Perhaps you should speak to your Westpac BDM as to why he's not updating you. P.S. Future apology accepted. This is the email I received from my BDM this afternoon: There is...

Announced this afternoon - 4.99% p.a. for 3 years. I'm betting a lot might jump on this one. Just keep in mind it might take 3 years to have it approved due to Westpac's current processing times.

Would you mind if I come along? I'm definitely in the Gen Y bracket, but I'm also an evil finance broker :) Plus a keen investor myself. I might be able to shed some light on the latest financial happenings (which are coming thick and fast).

There's a few banks that have 'basic loans' which have no (or minimal) application fees and no ongoing fees, with rates equivalent to the 'pro pack' loans. St George, for example, is 7.64% with no app or no ongoing. Speak to any of the brokers here and they can do a comparison.

I was speaking to a NAB banker today, whom I send a lot of SMSF deals through, and according to him, unnofficially, NAB will no longer be doing Low Doc resi loans - I don't know if an official announcement is coming soon. Hopefully he's heard wrong.

My understanding was that Westpac's commercial LVR was 63% for commercial and 72% for residential, which was below what the NAB were offering. Have Westpac increased their LVR policies?

Hi guys, Long time lurker here, I must say the knowledge here is a wonderful resource. I'm a broker and I have some clients in a pickle. I won't bore you with the details, so in short, they need a loan that only requires a 1 day ABN registration. These things were a dime a dozen 6-12...