Hi guys,
I am buying my first IP and my broker is pushing Macquarie bank for a home loan (4.64% interest) however the customer reviews have not been overly favourable on line that I have found.
I went to my bank NAB and they can offer 4.6% interest.
I did some research about Macquarie & NAB and found:
- They have $398 annual fee ( similar to NAB)
- They charge a valuation fee of $110 ( NAB we dont charge )
- Redraw fee of $50 ( NAB dont charge this )
- To make changes to my loan it may have a charge of $250 ( NAB switching costs )
- Discharge fee is $400 ( NAB is $350 )
Does anyone have any experience in dealing with this bank?
Any thoughts would be appreciated I want to chose the correct home loan due to this is our first IP.
Thank you in advance
I am buying my first IP and my broker is pushing Macquarie bank for a home loan (4.64% interest) however the customer reviews have not been overly favourable on line that I have found.
I went to my bank NAB and they can offer 4.6% interest.
I did some research about Macquarie & NAB and found:
- They have $398 annual fee ( similar to NAB)
- They charge a valuation fee of $110 ( NAB we dont charge )
- Redraw fee of $50 ( NAB dont charge this )
- To make changes to my loan it may have a charge of $250 ( NAB switching costs )
- Discharge fee is $400 ( NAB is $350 )
Does anyone have any experience in dealing with this bank?
Any thoughts would be appreciated I want to chose the correct home loan due to this is our first IP.
Thank you in advance