if u keep a close eye on 3 and 5 yr bond rates I reckon you will have a good chance of picking the bounce from the bottom
ta
rolf
3 & 5 year fixed rates thread
- Thread starter JIT
- Start date
if u keep a close eye on 3 and 5 yr bond rates I reckon you will have a good chance of picking the bounce from the bottom
ta
rolf
well............perhaps
Maybe Swany and co can introduce capacity to introduce the concept of "assuming loans"" ?
ta
rolf
Hi Rolf, which website do you use to monitor 3 and 5 year bond rates?
Get a feed from some of the lenders.
Nab has the better availability
Last time one of my clients had a bo peep the below seemed ok
www.bloomberg.com
for gov bonds
http://www.afma.com.au/data/bbsw.html
for swap rates
I know for a fact we have some economist folk here at SS that can point u toward more end user focussed material
ta
rolf
Here is the link to their facebook page, which is where i saw it:
www.facebook.com/pages/Shape-Home-Loans/153210894707843
Mick C on this forum works for them. Have a chat with him.
Unfortunately no portability.
it's a lock in 15 years rate to that one security only.
Regards
Michael
* P and I only
* No portability ( swap security, if you decide to sell) ; so you MUST be sure you want to keep this for 15 years.
* $345 Annual fee
* $1,200 set up cost
* Postcode restriction applies- Cat 1 and 2 only( no mining or rural town) + No NT.
Equity release is allowed. but generally not the best lender for this purpose... and the equity release will be done as a 2nd product ( variable rate or it's own new fixed rate term etc...)
Regards
Michael
* No portability ( swap security, if you decide to sell) ; so you MUST be sure you want to keep this for 15 years.
* $345 Annual fee
* $1,200 set up cost
* Postcode restriction applies- Cat 1 and 2 only( no mining or rural town) + No NT.
Equity release is allowed. but generally not the best lender for this purpose... and the equity release will be done as a 2nd product ( variable rate or it's own new fixed rate term etc...)
Regards
Michael
* P and I only
* No portability ( swap security, if you decide to sell) ; so you MUST be sure you want to keep this for 15 years.
Sounds like a good deal for a commercial property rather than a residential one.
It's actually a commercial type "bond" fixed rate....hence the higher set up cost - but targeted at resi properties only...but yea true- holding a resi for 15 yeas is hard to predict
OK for PPOR...not sure abt an IP....
Reagrds
Michael
Yep thought so the 15-year term gave that away!
FYI-
Iden financial ( funded via Adelaide bank) is offering 5.74% for 2 years -and i think this is the same rate for I/o as well ( will have to check that though, doubt it but we shall be optimistic...)
Regards
Michael
Hi Michael,
Any updates on this offer? Is the rate same for I/O applications as well? I cannot find anything on their website (www.iden.com.au).
Thanks
