Yeah I thought they were joking. I'll send them an email and if they don't want to budge I'll give you a call
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Yeah I thought they were joking. I'll send them an email and if they don't want to budge I'll give you a call
I've got some fixed rates ending soon and enquired with my lender STG as to what rates I can expect both variable or fixed. I have some x col although if current valuations are done they would probably be able to be all standalone. Thye came back with 5.14% variable and their advertised 4.99 for 5 or 3 for 4.79. I have 1.3m with them so all you mortgage brokers out there whats my best option. I'm happy to split them between other banks if I can't get a better interest rate than that obviously
St George rates offered me the following for loan amount of $800K 78% LVR
4.79% variable
4.69% fixed for 3 years
4.99% fixed for 4 or 5 years
Damn you and your awesome rate. Yeah they dont even seem interested in trying to keep me.
CBA in my opinion won't negotiate to match competition to keep you, or take your business.
Few years ago, NAB advertised rate was 0.05% less. CBA refused to match NAB so I refinanced.
Few months ago, I made a new purchase. NAB offered 4.63%. Asked CBA if they do better if I refinance all over. Their offer was around 4.73% and won't do any better after I revealed NAB offer.
Are broker here finding CBA hard to neg lately? If you're with what is your best rate and what loan amount?
Only a few months ago my rate moved from 5.05 to 4.93 (with CBA)
I am about to settle on another property that will bring my loan value up to $1m. LVR is around 87%.
My banker requested a rate adjustment and they came back with 4.8. He put an appeal through to the pricing team but they didn't budge.
Is this a fair rate given my LVR?
Would next steps be calling the cba switch line and requesting a pay out figure?
Only a few months ago my rate moved from 5.05 to 4.93 (with CBA)
I am about to settle on another property that will bring my loan value up to $1m. LVR is around 87%.
My banker requested a rate adjustment and they came back with 4.8. He put an appeal through to the pricing team but they didn't budge.
Is this a fair rate given my LVR?
Would next steps be calling the cba switch line and requesting a pay out figure?
Hi All,
My mortgage broker has come back to me to say he thinks i should go with CBA at 5.90% on a loan of $168000 for an IP. This is my first loan so I'm new to the whole lending thing.
Am I being robbed.......
A friend of mine has 4 IP with another bank earns half my salary, has LMI on all 4 properties and gets a rate of 4.99 with CBA for her 5th IP.
Is the rate am being offered due to the low $ amount of my loan?
Ohhh wow....that's the CBA normal standard variable rate...which im pretty sure nobody takes upfront... so yes you are being robbed by a lazy broker....
CBA has a few products...even for the smaller loan amount - rate from 4.89%- 5.20% both with no on going fees and for loan as small as $50,000- but the only drawback is that it won't have an offset account.
Given it's your 1st loan, i would suggest an offset account. So i would recommend you consider the smaller banks or credit union. UNLESS you have a unique security??? ie it's a studio or under 35 sq meters etc...
Regards
Is the rate am being offered due to the low $ amount of my loan?
Thanks Mick!
I have pushed back on him and he said It not about chasing the best rate. I need to look at the loan structure so that the bank will release equity down the track to purchase another IP.
Thanks Mick!
I have pushed back on him and he said It not about chasing the best rate. I need to look at the loan structure so that the bank will release equity down the track to purchase another IP.
He reckons he might be able to get me 0.50% more.