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Hi Rolf Definately prefer the extra cash, however in 3 years I would have to consider refinancing as the BWA deal would become too expensive once the honeymoon period ends. If my property doesn't increase in value until then so that my LVR is 80% I could be up for another lot of mortgage...

Hi Rolf 1. Loan amount $354,000 + LMI. NAB will lend $358,000, Bankwest ~$362,000. LVR is approx. 94%. Interest only terms for 5 years. 2. $11k cash buffer after settlement 3. Property will be investment from day 1. However, will live in it for 6 months commencing from the 11th month for...

Hi I currently have a dilemma and have been offered the following loans: Bankwest: 6.90% for first 3 years, then reverts to much higher rate of 7.58%. I spoke to the bank manager though about this and she assured me that she could switch me to the Premium Loan (rate of 7.10%) and waive...