Refinancing to homeloans.com.au - has anyone refinanced to them??

[propertymistro]

Refinancing to loans.com.au - has anyone refinanced to them??

Hi all, I currently have a home loan with Commonwealth Bank but am looking to refinance over to loans.com.au (4.51% comparison rate). Has anyone got a loan with loans.com.au or have any suggestions regarding refinancing for a cheaper rate with them.

Thanks in advance for your help!!

 

[Peter_Tersteeg]

As in http://www.homeloans.com.au?

I'm not seeing anything in their product offering with a 4.51% comparison rate. Have I got the right website?

 

[Aaron_C]

I think he means loans.com.au

 

[propertymistro]

Thanks for correcting me I have edited my first post.

 

[Colin Rice]

Have a client with a loan with them ATM and says she is happy with them.

Backed by Firstmac.

 

[propertymistro]

Is this a correct assumption (in general)??

If you have one property loan it is okay to look at going with a budget lender eg. loans.com.au

But if you have more than one property loan or plan to have more than one property loan at the same time, then it is better to go with a non budget lender.

Or are there some low rate providers out there that are also good for people with more than one property under a loan?

What are people's thoughts.

Thanks in advance.

 

[Peter_Tersteeg]

If you're looking for a cheap, no frills, set and forget loan that you'll likely never want to adjust, then a budget lender is fine. If you're going to be wanting to access equity, restructure to keep it interest only indefinitely, or anything a bit more creative, then them may not be suitable.

 

[tobe]

canstar should have a forum for these sorts of discussions I reckon.