Here is the current situation:
IP #1 $204k (Macquarie, considering refinancing with ING)
IP #2 $288k (ANZ)
PPOR #1 427k (ANZ)
Land + Construction #1 approx. $700k (haven't decided on bank yet)
Question is should we have all the loans with one bank?
Pros:
1. Better bargaining power to get better rates
2. Easier to administer/deal with (might get a personal banker)
Cons:
1. Bank thinks they own us
2. All eggs in one basket - if chosen bank increases rates more than others, we get shafted
What are your experiences? What would you recommend?
Thanks
Srini
IP #1 $204k (Macquarie, considering refinancing with ING)
IP #2 $288k (ANZ)
PPOR #1 427k (ANZ)
Land + Construction #1 approx. $700k (haven't decided on bank yet)
Question is should we have all the loans with one bank?
Pros:
1. Better bargaining power to get better rates
2. Easier to administer/deal with (might get a personal banker)
Cons:
1. Bank thinks they own us
2. All eggs in one basket - if chosen bank increases rates more than others, we get shafted
What are your experiences? What would you recommend?
Thanks
Srini