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  1. tobe

    Small banks and their attractive variable/fixed rate?

    bankwest and citibank were the ones referred to in this post, and I think some of the products were mentioned as well. Im not sticking up for the majors, Im just elaborating on how the diferent pricing models work. They all had the slice and dice model historically, most have since changed...
  2. tobe

    Small banks and their attractive variable/fixed rate?

    The majors have a standard variable, which their basic variable, their discounted/honeymoon variable and their pro pack discounts are referenced from. When they up the rate, every product moves, as when they reduce it. Some smaller lenders dont have the same referencing, therefore they can...
  3. tobe

    Small banks and their attractive variable/fixed rate?

    Its not so much what they did during the GFC, its more they dont link their products rate to a SVR or reference rate. It means they can 'slice and dice' the rate they charge on any particular product. SO while wooing new clients with a great discounted rate, they are simultanously jacking...
  4. tobe

    Small banks and their attractive variable/fixed rate?

    How many investment properties does your friend own? What is his long term investmet strategy? His risk profile?
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