Hiya
Hi ho! hi ho! and off to fix i go....
CBA: 2 years 5.59%
CBA: 3 years 5.69%
Cheers!
Just about to fix one loan with CBA for 3 yrs at 5.79% how did you manage to get 3 yrs at 5.69%
3 & 5 year fixed rates thread
- Thread starter JIT
- Start date
Just about to fix one loan with CBA for 3 yrs at 5.79% how did you manage to get 3 yrs at 5.69%
How do people here work out how much to fix? Never had to think about fixing before now.
I currently have 100% offsets - Say if I have 5 loans and don't intend to break any of them for 3 years - should I fix say 4 and keep one still variable so I can place all extra fund into that offset?
I currently have 100% offsets - Say if I have 5 loans and don't intend to break any of them for 3 years - should I fix say 4 and keep one still variable so I can place all extra fund into that offset?
I have my own motto that I adhere to and in general serves me well when it comes to deciding to fix or not ie "Fix out of greed, not fear".
if you have your loans 100 % offset, then fixed isnt a good plan
but I think what you are saying is that you need to keep some flexNot enough data to provide any useful advie, because much depends on future needs and quite a few "fluffy" things.
One that is usually a given is that if you want to pay down your PPOR debt quickly, try to balance the amount that you can pay off in the fixed term to a variable split and add a little more for good measure
ta
rolf
ta
rolf
Depends on your situation. What I’ve done in my own situation:
- loan tied to offset account: left it variable
- loans that I’m aiming to refinance: left them variable
- loans at 5.8%: left them variable. A 5.6% fixed rate isn't good enough when variable rates can fall further.
- loans at 6.2%: fixed them. To be competitive with current fixed rates, these need to be cut 3 more times - very unlikely.
Agreed, see above.
Undergoing multiple property refinance due to marriage separation / Court Orders........Suncorp 5.57% fixed for 3 yrs, tried to go lower but that's as far as they'd go.
So coming off a 8.2% CBA business loan for newly completed townhouse development - will fix these at 5.57% for 3 yrs I.O.
Other Karratha cash cows were with Suncorp @ variable 6.3% will also fix 3yrs 5.57% I.O.
Other holdings will leave as variable I.O.
Happy to fix for reduced monthly payments and SANF until I get my feet back on the ground.
Cheers!
So coming off a 8.2% CBA business loan for newly completed townhouse development - will fix these at 5.57% for 3 yrs I.O.
Other Karratha cash cows were with Suncorp @ variable 6.3% will also fix 3yrs 5.57% I.O.
Other holdings will leave as variable I.O.
Happy to fix for reduced monthly payments and SANF until I get my feet back on the ground.
Cheers!
Hi,
I asked my NAB banker and he quoted 5.89 % for 2 or 3 yrs fix IO. He said he thought that rate was the cheapest if I can point to him a cheaper rate he will try sort out with the bank for me. So if anyone here did get a better deal please let me know some details, such as any website having the rate displayed, or which office you deal with or your banker contact etc. And yes i have a reasonable loan amt and should be in the position to negotiate. Thank you vey much.
I asked my NAB banker and he quoted 5.89 % for 2 or 3 yrs fix IO. He said he thought that rate was the cheapest if I can point to him a cheaper rate he will try sort out with the bank for me. So if anyone here did get a better deal please let me know some details, such as any website having the rate displayed, or which office you deal with or your banker contact etc. And yes i have a reasonable loan amt and should be in the position to negotiate. Thank you vey much.
Got NAB to do 5.79 for 3 years. Tell them to match CBA.
Me too !!!
Nab are really really bad for that .
They wont go off their chair until someone else has done a bunch of work and ONLY then will they do what they couldnt do last week............
something to keep in mind for the future
ta
rolf
Westpac have dropped their 3 year fixed rates to 5.69% effective from today
Hi Shahin
I tried searching their website - found this:
http://www.westpac.com.au/personal-banking/home-loans/fixed/interest-only-advance/
appears to be interest in advance...
I think you might find that the advertised rate is 5.89% for 3 year fixed. So, with the package discount of 0.2%, it will come to 5.69%.
They are actually giving 0.2% off their 3 year fixed of 5.89% - where you have their Advantage Package - I will try get CBA to match!
Thanks Rob - I didn't refresh my screen and posted!
Well CBA dropped their 2 year fixed to 5.59% last week so you should have no problems negotiating the 3 year @ 5.69%.
Yep, it wasn't easy and took me two attempts and I was ready to walk. I don't think I'd bother again.
