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Good ending to this saga...managed to squeeze in a 0.77% breakfree package for current PPOR and new investment supplementary loan...settlement tomorrow.

I've just had a chat to the bank manager, I'm even MORE stuck with unfortunately not too much time to do anything about it before next Wednesday's settlement. 1) First pricing request for the current PPOR $180K loan...not only are they not waiving fees, they're only giving me 0.5% discount as...

I don't think the breakfree will work for me based on the $180K figure...but if I look at the total ~$490K loan, it may make more sense...but settlement is in a week. Asked specificlly to my broker again if he can help with fee and % negotiation and he said he can't help. I understand...

He's coming back to me tomorrow regarding maintaining the 0.7% discount. You reckon I should even push waiving of the $350 reneg fee plus the $5 per month account keeping fee? It's ANZ so you think there's much chance?

Just got off phone with bank manager. It looks like apart from $350 reneg fee, I will need to start paying $5 fee per month for the loan. Also, he needs to also get back to me from pricing to see if my 0.7% discount will still remain.

haha...I've already posed my request to SWhite...erm, bank manager earlier...making sure no other components of my loan change apart from P+I to IO. Thanks!!!

Hi Everyone, I think it's a given that I should switch to interest only...but thought I'd pose my situation to you all just in case it's not a good idea. 1) PPOR is valued at $450K. Originally took out $220K P+I loan in 2002 at 90% LVR. $180K owing. I know now I should have done it at IO...