Finance

Rolf

Reply: 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1
From: Mike .


Re: 95% LVR with Interest Only Repayments - Crystal & Rolf
From: Rolf
Date: 08 Feb 2001
Time: 12:34:55

Hi Gerard

Yes rates go up and down like a yo yo if you take a long term view.

If you can afford the risk it is my understanding that on average variable rates provide a better deal over the long term. I see fixed rates like an insurance premium rather than a speculative issue. If you can afford your mortgage if rates go to x % then there is little risk for you. If on the other hand you need to know exactly where you are going and 2.0 % is the difference between being forced to sell or being able to hold, I would go the fixed rate premium everytime

You've got a good deal there, diff to better.

I have some enquiry on AMP at 6.89 90 LVR i/o for IP and ANZ 7.00 at 95 % LVR i/o for IP

Both with partial application rebates.

Regards, Rolf
 
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KJ

Reply: 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1
From: Mike .


Re: 5yr Fixed is down to 6.7%
From: KJ
Date: 08 Feb 2001
Time: 13:48:00

Go to http://www.personalinvestment.com.au, click on Todays Rates - the lowest 5yr fixed investment loan is 6.7% by Power CU (NSW). I'm not sure if it's IO. Also Melbourne Credit Union do the same at 6.8%.
 
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Rolf

Reply: 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1
From: Mike .


Re: 5yr Fixed is down to 6.7%
From: Rolf
Date: 08 Feb 2001
Time: 23:02:39

There are always going to be cheaper rates as soon as I open my keyboard, especially in the current environment. That is an attractive rate if you can qualify.

Rolf
 
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