Fixed Interest

[WebBoard]

From: Mike .


5 year fixed ending???
From: Sandy
Date: 26 Dec 2000
Time: 10:44:26

Our 1st Ip 5 year fixed loan is ending soon and I have 2 simple questions:-

1. How far out do you start to negotiate a new loan with the same/or different lender... 1 month? 2 months? or at the death knock.

2. We have heard of 10 year fixed loans from various discussions - Do they exist from traditional lenders? or is it an extension of your existing loan.

Thanks in advance.....

 

[WebBoard]

Gee Cee

Reply: 1
From: Mike .


Re: 5 year fixed ending???
From: Gee Cee
Date: 27 Dec 2000
Time: 07:36:54

I have just been through the same thing. I started 3 months ago and the fixed rate finishes in March 2001.

It is a real learning curve again. There are so many people out there that cannot do anything that is not listed on their computer.

In the end it looks like ANZ & National will be getting the business.

Gee Cee

 

[WebBoard]

Crystal

Reply: 1.1
From: Mike .


Re: 5 year fixed ending???
From: Crystal
Date: 27 Dec 2000
Time: 04:22:03

Hi Sandy, Go to

http://www.yourmortgage.com.au/rates.htm

Then click on

Residential Inv. Loans - Fixed Greater Than 5y

to research the banks which offer 10 year fixed loans.

Regards, Crystal