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I'm not saying the deal can't or shouldn't be done, there could be other mitigating circumstances which chunho01's broker may be aware of, but doesn't fit the calculator. My statements are based on a couple of simple statements which are very limited in scope. There may be other information...

Current expenses have a habit of changing. I've actually lived on the banks serviceability assumptions, it's not a pleasant place to be and you walk a very, very fine line. You haven't provided remotely near sufficient information to make any sort of assessment. You're welcome to give me or...

This bit concerns me. The calculators we use make a few assumptions about several things, including your living expenses. In my practical experience, a persons real living expenses are much greater than what's in the banks calculators. If you're trying to borrow $380k when the calculator...

Long term, CBA actually pays more than Macquarie & Citibank. There's lenders that pay more again. I suspect there's either a servicing reason or it's because their rates are cheaper within the scope of this borrowers profile.

The counter to this is that the total trail money paid by both NAB and CBA is greater after 3 years than those who do pay from day 1. From year 2 onwards NAB and CBA actually pay more than some of the smaller lenders and the breakeven point is usually after year 3. A broker recommending...

If 0.05% is going to screw your serviceability over, I think you're already in trouble. :eek:

BLTN I stand corrected. I clearly took the annual cost as a monthly cost. Very silly of me. Based on this, it looks like a loan of about $240k - $300k would be the break even point on the monthly points, the bonus would be in the sign up and the 3 & 5 year anniversary points. It's still only...

They really do have very different offerings. At certain price points and LVRs one is going to be more cost effective than the other. Their extended products and services suit different circumstances and needs. I wouldn't say that one is better or worse than the other. And yeah, their Qantas...