Hi all,
To the brokers out there.
Do you know of any banks which are willing to do a refinance on a SMSF loan , and do not require the "financial advice" clause?
I am wanting to take advantage of the current low 5 year fixed rates....
I went to Westpac two weeks ago asking to transfer some loans to them. But they advised I needed to spend close to $3,000 to see one of their financial planners (get a plan , then sign the financial advice clause). With the establishment costs I was looking at around 5k to transfer two loans.
I thought this was too excessive just to refinance two small loans .
The current loan is with NAB - and they don't do fixed 5 year loans on the SMSF loan product I am using....
David
To the brokers out there.
Do you know of any banks which are willing to do a refinance on a SMSF loan , and do not require the "financial advice" clause?
I am wanting to take advantage of the current low 5 year fixed rates....
I went to Westpac two weeks ago asking to transfer some loans to them. But they advised I needed to spend close to $3,000 to see one of their financial planners (get a plan , then sign the financial advice clause). With the establishment costs I was looking at around 5k to transfer two loans.
I thought this was too excessive just to refinance two small loans .
The current loan is with NAB - and they don't do fixed 5 year loans on the SMSF loan product I am using....
David