Hi,
Can anyone assess if what I've got is a good deal. It will be great if anyone can offer something better...
My situation:
*Selling my current home, this should bring me about 200K.
*Salary: about 100K, full time permanent employee with 4 years in current job.
*Apart from current mortgage, no loans or debts.
Loan I need:
* Offset account, interest only (this is essential, I may want to rent out the house in couple of years and want to negative gear the interest)
* Variable rate
* 80% LVR of the 412K property I'm buying
* Professional package welcome
Current best offer:
* CBA prof. package with full offset and gold CCard
* No ongoing or transactional fees
* 0.8 discount off the current rate = currently, 7.52%
* No establishment fees
* $300 yearly fee waived for the first year (this was hard!)
===========
Other alternatives (not as good)
===========
Westpak prof package
* 7.52%
* No establishment fees, ongoing or transactional fees
* $395 yearly fee
=============
NAB prof package
* 7.62% (trying to negotiate anything better but it's hard!)
* No establishment fees, ongoing or transactional fees
* $120 yearly fee
Can anyone assess if what I've got is a good deal. It will be great if anyone can offer something better...
My situation:
*Selling my current home, this should bring me about 200K.
*Salary: about 100K, full time permanent employee with 4 years in current job.
*Apart from current mortgage, no loans or debts.
Loan I need:
* Offset account, interest only (this is essential, I may want to rent out the house in couple of years and want to negative gear the interest)
* Variable rate
* 80% LVR of the 412K property I'm buying
* Professional package welcome
Current best offer:
* CBA prof. package with full offset and gold CCard
* No ongoing or transactional fees
* 0.8 discount off the current rate = currently, 7.52%
* No establishment fees
* $300 yearly fee waived for the first year (this was hard!)
===========
Other alternatives (not as good)
===========
Westpak prof package
* 7.52%
* No establishment fees, ongoing or transactional fees
* $395 yearly fee
=============
NAB prof package
* 7.62% (trying to negotiate anything better but it's hard!)
* No establishment fees, ongoing or transactional fees
* $120 yearly fee
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