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I am stunned any bank would: review thier tapes admit they were wrong Well done WBC! A reminder call centre advice is worth the paper it is written on. Peter 14.7

Hello. Dont know about the all monies clause but I have no doubt the fine detail means the Bank owns my first born child, etc... and can effectively do anything. Being not expressly X coll, as I have set it up, means I can sell any IP on it own and dont have to recalc any other loans for...

Hello Mags Good Luck but i fear your rate is the reason. Even 0.1% doubled the payout on one of my loans from $900 to $1800. I was 7.65% and broke a month ago just before CBA announced drops. I was lucky. Hard to believe 0.1% makes a diff but it does. Again, good luck, Peter

Wise you are, says Yoda! ;) Really is amazing the turn around. :eek: Only six months ago it was "rate to go up another 1%" from the top! IMHO again Aussie has been saved by the world market. In 1997 the Asian crisis stopped rate rises, then GST, then tech wreck. We get lucky...

Mind if we have some more deail? Loand $250k ok When fixed? 3 years in 2008. Intersted for another person i know... Peter

True, Peter

Its official, the time to break is over! Peter

No but the banks systems are so complex, mistakes are common. Most of time we dont know. Thats why those programs out there that promise their cost back if they check and find no errors can offer the guarantee. My advice: grap with both hands sign celebrate. Rates are predicted...

Yep, experience. I know from my experience above, a factor of as little of 0.1% can increase the payout by 100%. I.e. $400 becomes $800. I guess act or not depends on whether you intend to sell and cannot afford to hold? If yu can hold tillthe end of the term then hopefully you drop...

Hello All FYI I just broke my three fixed loans and thought I would post the detail. Rate 7.64% fixed five years $180k with 3yr 10 months to go $700 $180K with 3yr 10 months to go $700 $256K with 4yr 2 months to go $1800 Total cost $3600. I did the numbers and a rate drop of...

Hello All I have mostly always fixed except my PPOR which I paid down ASAP. I see fixed rates as like an insurance premium. I took 7.65% for five years 12 months ago. Once rates go under that the diff is what the insurance premium is. However if rates go down my property value goes up...