Hi All
We are looking to refinance to borrow 20-30k more and find a better interest rate.
We purchased the Unit 3 years ago going with CBA on the wealth package with a current interest rate of 5.15%. We paid 380k for it with a 30k savings so had to use LMI and currently owe 330. Since then we have spent approx 20k on repainting, new carpets, patio/outdoor entertaining area and ducted Evap AC.
I have enquired at a number of banks to what they have to offer and the first thing they say is what is the place worth. Obviously the place we go with is going to do there own evaluation but is there anyway we can get some kind of indication of what the place is worth so see if we have enough equity to borrow the extra and not pay LMI?
So far i have looked at the following products
Bankwest Online homeloan 4.88% 0$ application and annual fees.
The CUA fresh start variable was recommended in a number of posts on this forum with a interest rate of 4.65%. It also appears to have a $0 application and annual fee.
loans.com.au with a interest rate of 4.54% and $520 application fee
Is there any others that we should be looking at? Once i have done my research i plan to go in to CBA to see what they will do to keep us.
Any info would be greatly appreciated.
Regards,
Brendan
We are looking to refinance to borrow 20-30k more and find a better interest rate.
We purchased the Unit 3 years ago going with CBA on the wealth package with a current interest rate of 5.15%. We paid 380k for it with a 30k savings so had to use LMI and currently owe 330. Since then we have spent approx 20k on repainting, new carpets, patio/outdoor entertaining area and ducted Evap AC.
I have enquired at a number of banks to what they have to offer and the first thing they say is what is the place worth. Obviously the place we go with is going to do there own evaluation but is there anyway we can get some kind of indication of what the place is worth so see if we have enough equity to borrow the extra and not pay LMI?
So far i have looked at the following products
Bankwest Online homeloan 4.88% 0$ application and annual fees.
The CUA fresh start variable was recommended in a number of posts on this forum with a interest rate of 4.65%. It also appears to have a $0 application and annual fee.
loans.com.au with a interest rate of 4.54% and $520 application fee
Is there any others that we should be looking at? Once i have done my research i plan to go in to CBA to see what they will do to keep us.
Any info would be greatly appreciated.
Regards,
Brendan