Hi All
With the recent increase of CBA, I am paying top dollar and of course, the option to switch arises.
However I ask, is it worth?
For instance: I can get 6.69% , no fees (read fine print) at New Loan
http://www.newloan.com.au/
But the deferred establishment fee exists unitl 6 years. As I see it I switch my $1M to then and they go up and what can I do? At 1% to get out that is $10,000 gone. 6 years is a long time.
Now NAB is only 7.49% and assuming the usual 0.7% off is that is 6.8% but NAB website is hard to find FEEs tab. Me thinks they hide???
So in short , if you switch what stops NAB or NEW LOAN doing a CBA and gouging.
Anyhow, opinions on NAB, any opinions at all.
thanks Peter 14.7
With the recent increase of CBA, I am paying top dollar and of course, the option to switch arises.
However I ask, is it worth?
For instance: I can get 6.69% , no fees (read fine print) at New Loan
http://www.newloan.com.au/
But the deferred establishment fee exists unitl 6 years. As I see it I switch my $1M to then and they go up and what can I do? At 1% to get out that is $10,000 gone. 6 years is a long time.
Now NAB is only 7.49% and assuming the usual 0.7% off is that is 6.8% but NAB website is hard to find FEEs tab. Me thinks they hide???
So in short , if you switch what stops NAB or NEW LOAN doing a CBA and gouging.
Anyhow, opinions on NAB, any opinions at all.
thanks Peter 14.7