I can get you the cash rate and give you $5000
I'm intrigued?
Major Lender 1.1% discount effective rate 5.78% negotiated
- Thread starter jonmardell
- Start date
I'm intrigued?
Note: sarcasm.
there is the reason right there
They know you arent going anywhere to save a few points on rate
The new LMI premium would kill any savings
early 6s is ok
ta
rolf
I agree 6.06% is great for LVR 90%. I've just negotiatied 6.05% variable with ANZ and my LVR is closer to 60%.
That is still quite high - depending on your loan amount you should be on a much lower interest rate. For example, if you loan amount is under $500k then the advertised price with Macquarie is 5.85%. If its more than that then you can more a higher discount.
LVR maybe the issue for you.
<80% (just) at $400K for 5.99% (0.9%) discount with WESTPAC. Extra 0.1% offered for +$500K which will be taken up soon. Negotiated via phone call direct to the Mortgage Centre.
Yes but it converts to 5.99% which is still cheaper and there is no package fees. This is a bit better than 6.05% and that is most likely on the break free package.
Oh yes I agree that Macquarie is a good lender overall with rates etc. For high LVR loans as indicated by the others, the majors don't really have an appetite for them. Homeside/CBA etc all price 90%+ loans quite heavily. Low 6s is a very good rate I would say.
loan amount of around $250k im guessing
like a bank of Melbourne
I was actually in a good mood this morning but they have spoiled it for me once again. God....
This time next week, there'll be no banks to deal with. A whole week of sailing and scuba...
http://worldwidediveandsail.com/ourboats/sy-philippinesiren.html
http://worldwidediveandsail.com/ourboats/sy-philippinesiren.html
Not a bad guess. It's about $318K. Not worth refinancing out of ANZ to get a smaller discount. I was told that if I was willing to shift some of my other loans over to them that I'd get at least 5.9% variable. I think that with a bit of a push I could probably get close to 5.75% variable.
This time next week, there'll be no banks to deal with. A whole week of sailing and scuba...
http://worldwidediveandsail.com/ourboats/sy-philippinesiren.html
Nice, that is an awesome trip. I have dived most of the sites and tubbataha reef is world class in good conditions. i went down to south west rocks this weekend and 2 days out to fish rock and no diving cause bad vis!
You must be able to provide westpac with a offering they can match or beat....at 90% LVR 6.06% with a major is decent...you may be able to get 0.05-0.10% off...but that's not worth refinancing ..even on a 80% LVR....unless your refinancing for " policy" reasons - ie Better serviceability, LVR, LMI cost , equity release, probation etc...
Regards
refinancing
Got two loans with AMP $630k total, 80%, 6.22% variable rate.
Also got one with Wespac, $275k, 90%, 6.19% variable rate.
Both AMP loans got through the brocker. Have tried to approach AMP directly to get better rate, but does not look that they are interested.
would appreciate any advice what to do in my case to get better rates, leave AMP and approach Westpac or move two loans to differnt lender and leave one with Westpac ?
Got two loans with AMP $630k total, 80%, 6.22% variable rate.
Also got one with Wespac, $275k, 90%, 6.19% variable rate.
Both AMP loans got through the brocker. Have tried to approach AMP directly to get better rate, but does not look that they are interested.
would appreciate any advice what to do in my case to get better rates, leave AMP and approach Westpac or move two loans to differnt lender and leave one with Westpac ?
there is a likely reason ur broker used AMP for the last 2 deals....your serviceability is getting tight ?
I doubt that Wesuck will look at taking on any more debt id the servicing is tight
speak to the broker to move you across to the AMP basic product which is around 15 to20 pts cheaper.
Else if that doesnt work, chase down another broker and have a look at options, if the servicing isnt that tight, rates can come down to 5.85 or so
t
arolf
