Hi all, I am new to the forum and hope can get some professional advice.
I am going to refinance my investment and resident property with a total loan amount of 1 million (80%). I was offered by one NAB banker who offered me 4.12% variable with interest only option in a package which she indicated that she will waive it as long as I am with them. However, she said she will not be able to offer the $1000 rebate due to the fact that my loan is IO. I am not sure whether this is NAB's policy as this is the first time I deal with NAB. Is this considered to be a good deal? I need to revert before this Wednesday.
BTW, my current bank, CBA offered me a higher rate 4.22%, the rate is not that bad but the package fee just kills, I talked to them, seems no one is keen to waive it for me.
I am going to refinance my investment and resident property with a total loan amount of 1 million (80%). I was offered by one NAB banker who offered me 4.12% variable with interest only option in a package which she indicated that she will waive it as long as I am with them. However, she said she will not be able to offer the $1000 rebate due to the fact that my loan is IO. I am not sure whether this is NAB's policy as this is the first time I deal with NAB. Is this considered to be a good deal? I need to revert before this Wednesday.
BTW, my current bank, CBA offered me a higher rate 4.22%, the rate is not that bad but the package fee just kills, I talked to them, seems no one is keen to waive it for me.