I am considering selling an investment property and buying a new one. The thing is that there is still 3 years to go on the fixed rate of the loan. Would the bank, CBA, entertain the idea that they waive the early exit fees if I took out another loan for the same amount for a different property? I understand that I would take out the new loan first before exiting the older loan. It would be like transferring the loan from one property to another.
What if the new property loan was of less value compared to the older one? Would they work out some arrangement here?
What if the new property loan was of less value compared to the older one? Would they work out some arrangement here?