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The fixed rate market is ME bank's main strength. They don't compete in the variable space. I think their aim is to have everyone on the same variable rate (part of the 'bank fairer' initiative). Given legacy issues associated with loans written years ago, they've kept their variable rate...

Liverpool St - you've heard the view of the professionals on the forum; its good to have a full information set when making these choices. If you know all the info and are comfortable with, that's fine, you may never actually encounter any problems and you certainly wont be the only one...

Can i ask why? Theres not much benefit for you in having your loans crossed, it benefits the banks when you need flexibility. Its less likely to be a major issue when your LVR is so low, but it can cause costly issues in the future. A client of mine just got lucky and had a 100k gain on...

Heya, if crossed, calculate total loan amount and divide by the combined value of both assets. If you're looking to buy again, take the opportunity to uncross. Cheers, Redom