CBA 1% off for loans > $500k and < 80% LVR

You need to be taking at least $100k in new borrowings. If you have the servicing and equity and are an existing CBA client might be a good time to do a top up!!
 
This was no surprise since they reduced the pricing on bankwest recently. i wonder what NAB/Homeside will do now cause they have been cheaper for a long time!
 
Homeside won't do much...cos their $10 a month fee with no "volume loading" with no app fee is not something to look down on.

NAB doesn't "advertise" but if you push hard enough they can normally beat the 1% with LVR at around 75% and loan amount of $800,000+ ..

Either way NAB,CBA,ANZ are all discounting their rates if the right client ask...i find westpac is not doing much- not sure why :(

Once you have a loan of $500,000 + i find don't chase the rate to much- but rather find the bank you are comfortable with + provides the best loan structure for your needs and have a good relationship with in term of service etc...becasue the rate can alwasy be negotiated ..service unfortunately you can't :eek:


Regards
Michael
 
I guess time will tell Mick. Maybe give westpac another try cause they have been very open in negotiating here over the last few months for the right customer.


Homeside won't do much...cos their $10 a month fee with no "volume loading" with no app fee is not something to look down on.

NAB doesn't "advertise" but if you push hard enough they can normally beat the 1% with LVR at around 75% and loan amount of $800,000+ ..

Either way NAB,CBA,ANZ are all discounting their rates if the right client ask...i find westpac is not doing much- not sure why :(

Once you have a loan of $500,000 + i find don't chase the rate to much- but rather find the bank you are comfortable with + provides the best loan structure for your needs and have a good relationship with in term of service etc...becasue the rate can alwasy be negotiated ..service unfortunately you can't :eek:


Regards
Michael
 
Really 1% off? I just got off the phone with a Home Loan specialist and he said the best he can do is 0.9% off. I have 2 loans worth 317k with CBA at the moment and looking to bring across another 350k (<80% LVR).

Who do I speak to to get the 1% off?
 
Really 1% off? I just got off the phone with a Home Loan specialist and he said the best he can do is 0.9% off. I have 2 loans worth 317k with CBA at the moment and looking to bring across another 350k (<80% LVR).

Who do I speak to to get the 1% off?

A broker :)

Jon and Mick C have posted in this thread, give em a yell !

ta

rolf
 
Once you have a loan of $500,000 + i find don't chase the rate to much- but rather find the bank you are comfortable with + provides the best loan structure for your needs and have a good relationship with in term of service etc...becasue the rate can alwasy be negotiated ..service unfortunately you can't :eek:

Regards
Michael

Couldn't agree more Michael. Rate is important however investors should look at their end goal (profit right?) and then work back to find the strategy that gets them there most effectively. Often this means finding a lender that allows increases to 95% LVR, will maximise serviceability or lend for a property type that others will not.

It really is quite incredible at the moment that we have been able to undercut private banking every time we are competing against them for big loans. With broker commissions so low, us doing the online lodgements and the quality of brokers improving since licensing I bet the banks are making a killing from our loans.
 
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I just checked out CBA rates after taking 1% I am still better off with NAB

and I was a CBA customer for years untill the lender I dealt with since 2004 left the bank.

The new cba dealing with loans

didn't try and push

couldn't work out how to improve our cashflow

which we already showed how we could by simply changing some bad debt credit card etc into good debt(foreign concept to them)

did not understand investment properties at all

Told us we would need another job to make it work...


property made 11% gross.

meanwhile NAB actually listened to us and we could effectively lend what we wanted

they also paid our exit fees and gave us some extra cash as well

oh and we got the rate 1% less then CBA
 
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