Recent content by LoanFinder

Sunfish, I respect your own strategy and entitlement to your opinion. I am unsure if paying off an investment debt on a P&I basis is a preferable option. Your argument is that there is less benefit, so you shouldn't take advantage of the maximum benefits available. I would argue that...

Agree with Rolf here. IO gives you options. Attaching to an offset account is better as this gives more options down the track. If you are doing well, put more money in your offset / loan. If times get tougher, you can revert back to the interest only amount.

Credit scoring is a useful tool , and I agree with it. What i find amusing is that the decisioning process built in to the credit scoring system is inherently flawed, but this is what is being relied upon as a measure of approval. Take these 2 instances : 1. Solid PAYG single...

Why not consider a family guarantee. This will allow you to fund the purchase price and avoid some or all of the mortgage insurance. Talk to a mortgage broker, there are good ones close to you from this board. It's free, so why not find out all the options available.

0.15% is standard if the fixed rate loan is part of the package. In my experience, I have been able to secure a higher discoutn on the variable loans, but the fixed rates do not move above 0.15% discount. I am not saying it is not possible, I just havent seen it.

St George used to have a good option down to 25 sqm. Howevre, this changed when they got taken over by Westpac. CBA are probably the pick of the bunch now, they don't have a minimum for below 80%, and case by case for over 80% ( LMI dependent - but generally 50 sqm )

Pete, Good job, never hurts to ask the question. Clearly the level of debt you have allows you to negotiate more.

I wonder if they will reply to you?.. if they do , please psot back with their response.

Do you recall the valuation company that came out to do the valuation ? If they can give you their reference details for their report, you can advise the CBA assessment team that it has been done on the date and valuation figure. Hope it works out for you.

If you have the loan already , you could ring your lender and ask for a discount. If you are re-negotiating your loan or doing a new loan, get your mortgage broker to make sure they have asked the question.

Should be no charge for this.

Rolf point is what I was referring too ( badly .... lol )

Why not get an offset against your PPOR and put the funds in that ?

Edited my response - didnt see that it was approved as an IP

Swoop, Also check your maximum servicing, as with a strengthening Aussie dollar, your borrowing potential may be reduced depending on the currency you are earning.