Hi all,
Long time reader, 1st (hopefully out of many) post.
First of all, thanks all for the awesome knowledge you are sharing, it is invaluable.
After recently getting my PPOR sorted, I am now looking for IP #1 and planning for IP#2 in a few months.
Been shopping around for rates, and right now looking at Macquarie basic home loan that they offered me for 4.49% for up to 85% LVR, LMI cap if needed, upfront fees of $363 and no monthly fees.
Does this sounds reasonable? I actually thought rates would be a bit lower.
I currently have my PPOR with NAB and thought of going with them, but they are using a ridiculous rate for additional loans against new IPs if you already have a loan with them (7.5% I think, instead of actual). Understand other banks are doing the same?
Was also thinking of going down the loans.com.au path, but not yet comfortable of doing this without a broker.
Ta,
Mancha
Long time reader, 1st (hopefully out of many) post.
First of all, thanks all for the awesome knowledge you are sharing, it is invaluable.
After recently getting my PPOR sorted, I am now looking for IP #1 and planning for IP#2 in a few months.
Been shopping around for rates, and right now looking at Macquarie basic home loan that they offered me for 4.49% for up to 85% LVR, LMI cap if needed, upfront fees of $363 and no monthly fees.
Does this sounds reasonable? I actually thought rates would be a bit lower.
I currently have my PPOR with NAB and thought of going with them, but they are using a ridiculous rate for additional loans against new IPs if you already have a loan with them (7.5% I think, instead of actual). Understand other banks are doing the same?
Was also thinking of going down the loans.com.au path, but not yet comfortable of doing this without a broker.
Ta,
Mancha