Bank West Rate Tracker is back in the Broker arena

[Qlds007]

Dear Valued Broker Partner : BankWest is pleased to announce the Rate Tracker return to the Broker Market.
Rate Tracker Home Loan
The rate will be tracked against the Market SVR of the 4 Majors, less a discount of at least 1%
= 5.82% p.a. effective 16th December 2008
Electronic Lodgement only
This rate is guaranteed for 2 years from date of disbursal whereby it will automatically revert to the Lite Home Loan rate (not product).

Product Features at a glance:
Owner occupiers, investors, construction & vacant land / 5 years interest only available / Minimum loan amount is $100,000 / No max loan size
Loan Maintenance Fee - $0
No Deferred Establishment Fee
Redraw on line for free, no minimum amount (over the counter $50 min $1000

Doesnt this tell you something !!!

 

[Bradsdad]

Good on ya Richard, beat me by 2 seconds



Best I delete my post or youy wanna delete yours???????????

 

[Qlds007]

Shouldn't that be an hour and 2 seconds as we are an hour behind here in stormy Qld lol.

 

[Rolf Latham]

we arent an hour behind at all

Once crosses the international year line between NSW and QLd

ta
rolf

 

[murtagh]

Doesnt this tell you something !!!

I have missed what this should be telling me? I'm not very well versed in the lending arena though .. can someone explain?

 

[Qlds007]

Business levels are falling.

 

[silentOne]

Just a warning to mention that Bank West Rate Tracker interest rate is only calculated on the 17th of each month so with all of these interest rate drops their rate has often been higher than the other banks for 2 weeks+ before it again matches their advertised 1% lower than the average standard rate of the major four banks during the initial first two years.

 

[Token Funder]

...but it does jump (currently) by .86% after the two years.....

This rate is guaranteed for 2 years from date of disbursal whereby it will automatically revert to the Lite Home Loan rate (not product).