Hi
IO Just for 10 years?
I was just on the phone with ANZ. My IO period reverts to P&I in a couple of weeks so I will be changing it back to IO as I dont want P & I. ANZ said that after 10 years the bank wont allow you to pay IO they will make you go onto P & I.
Is there a way around this. I dont want to ever be on P&I with this loan. If I were to re-finance with another bank after 10 years would this be the way around the problem so I can keep paying IO.
Best SV IO rate What should I try to get?
Also my current IR with ANZ is 6.60% minus breakfree package. (atm I'm paying 6.20% IR) ANZ will be ringing me back in the next 7 days to organise another 4 year IO contract for me. I told the lady on the phone that I have been talking to other banks to look for the best IR. I'm actually bluffing here.
I have 2 loans totalling $375 K. What kind of IR deal would I be able to get with ANZ? I am going to tell them that I'll stay with them if they can match what the other banks are offering. What do you think I should ask for? An IR of 5.7% ? 5.8% What is a good SVR atm?
Hope I havent been too long winded. I'm sure these questions have been asked before but I really wouldn't know where to look using the search function here plus ANZ are going to get back to me very soon and I need to be prepared (and look like ive done my homework)
thanks
IO Just for 10 years?
I was just on the phone with ANZ. My IO period reverts to P&I in a couple of weeks so I will be changing it back to IO as I dont want P & I. ANZ said that after 10 years the bank wont allow you to pay IO they will make you go onto P & I.
Is there a way around this. I dont want to ever be on P&I with this loan. If I were to re-finance with another bank after 10 years would this be the way around the problem so I can keep paying IO.
Best SV IO rate What should I try to get?
Also my current IR with ANZ is 6.60% minus breakfree package. (atm I'm paying 6.20% IR) ANZ will be ringing me back in the next 7 days to organise another 4 year IO contract for me. I told the lady on the phone that I have been talking to other banks to look for the best IR. I'm actually bluffing here.
I have 2 loans totalling $375 K. What kind of IR deal would I be able to get with ANZ? I am going to tell them that I'll stay with them if they can match what the other banks are offering. What do you think I should ask for? An IR of 5.7% ? 5.8% What is a good SVR atm?
Hope I havent been too long winded. I'm sure these questions have been asked before but I really wouldn't know where to look using the search function here plus ANZ are going to get back to me very soon and I need to be prepared (and look like ive done my homework)
thanks