Hi there
I am going to borrow for my third IP after years! and I have found a lender (WAW Credit Union) it's rate is %6 compared to my Bank's which is %6.99 for variable interest only loan. I have already got offset account and other facilities with my other bank. I am wondering if there is any reason why I should not with the lower rate? Does it matter if the lender is not a well known one? I will appreciate all your insights.
Yadeh
I am going to borrow for my third IP after years! and I have found a lender (WAW Credit Union) it's rate is %6 compared to my Bank's which is %6.99 for variable interest only loan. I have already got offset account and other facilities with my other bank. I am wondering if there is any reason why I should not with the lower rate? Does it matter if the lender is not a well known one? I will appreciate all your insights.
Yadeh