Nearly all the professional packages have interest rate discounts based off the 'loan amount'. e.g. 0-100k = 0% discount, 100-150k = 0.25%, 150-250 = 0.5%, and 250+ = 0.75%
The question I have, are these discounts worked out based off:
1) the original loan amount, regardless of how much is left
2) the current loan value/balance
3) the current balance minus any amounts in offsset
E.g. if you've only got the one property with a large amount in an offset, will there be a point where the pro packages are useless?
Peter
The question I have, are these discounts worked out based off:
1) the original loan amount, regardless of how much is left
2) the current loan value/balance
3) the current balance minus any amounts in offsset
E.g. if you've only got the one property with a large amount in an offset, will there be a point where the pro packages are useless?
Peter