Hi everyone,
pleased to become a member of this valuable forum.
I am a newier and would appreciate to find some answers from experienced memebers.
I got Low-Doc mortgage with Interstar (Challenger) 2 years ago, 8.19% after last increase.
Now I got tax returns for the last 2 year and want to get better interest rate.
Broker who arranged first mortage for us suggested moving from Interstar to different lender #2, saying that Lender #2 can give better conditions (6.99% fixed for 1st year and 7.42% from 2nd year and so on - rates prior last increase) even that Interstar will charge us $3000 early exit fee.
Broker is saying that Interstar will not give much better rate ...
My question are:
1. Is my broker just ********ing me and just wants to get his comission from Lender #2 because it is more profitable for him ?
2. Is there anyway to switch from my current broker(=loan manager) to another one staying with Interstar and avoiding paying exit fee ?
Any replies would be very much apperiated
pleased to become a member of this valuable forum.
I am a newier and would appreciate to find some answers from experienced memebers.
I got Low-Doc mortgage with Interstar (Challenger) 2 years ago, 8.19% after last increase.
Now I got tax returns for the last 2 year and want to get better interest rate.
Broker who arranged first mortage for us suggested moving from Interstar to different lender #2, saying that Lender #2 can give better conditions (6.99% fixed for 1st year and 7.42% from 2nd year and so on - rates prior last increase) even that Interstar will charge us $3000 early exit fee.
Broker is saying that Interstar will not give much better rate ...
My question are:
1. Is my broker just ********ing me and just wants to get his comission from Lender #2 because it is more profitable for him ?
2. Is there anyway to switch from my current broker(=loan manager) to another one staying with Interstar and avoiding paying exit fee ?
Any replies would be very much apperiated