Finance Discounts for Professionals

[Kevmeister]

Just noticed this (came across it by accident) on www.realestate.com.au:

http://www.realestate.com.au/cgi-bin/rsearch?a=v&t=res&cat=res:News&id=744&cu=

(You may have to concatenate this onto one line to get the link to work correctly).

The basic Crux is that if you are a "professional" you may qualify for a reduced interest rate.

Does anyone know about these? Can an existing loan be changed, or is refinancing necessary?

 

[Rolf Latham]

Hiya Kev

Depends on who you are with AND how much they want your business, mostly yes you can get a rate redn without refinance.

I would always ask the question as to why they did not offer the better deal in the first place.

Ta

 

[fredo]

I am currently with wespac and enjoyb the .o7% reduction called the premier advantage package

Talk to the bank

 

[Simon]

Premier Advantage Package

As a broker I think that Westpac has about the best Professionals Package going. It really comes into it's own if you have more than one property.

To be classed a Professional you need single income of over $65K or family income of over $100K. This can include all rental income but doesn't include costs associated with that rental income. So even the negative geared property contributes to getting you over the line!

Cheers