Suncorp putting up fixed rates tomorrow!

[FinSpec]

General info for everyone:

Effective Thursday 20th August, 2009, Suncorp are changing their fixed rates for home lending.
1 year fixed intro 5.59%
1 year fixed 5.69%
2 year fixed 6.39%
3 year fixed 6.99%
5 year fixed 7.74%
1 year fixed interest in advance 5.54%
3 year fixed interest in advance 6.84%
5 year fixed interest in advance 7.59%
You must call you banker or broker today if you wish to lock in your rate at the old rates.

Regards,

FS

 

[Ausprop]

not at anything close to thsoe rates.

is it really as simple as a phone call tho? I was talking to my ANZ rep and I raised the matter of fixing my variable rate and she started going on about producing my latest tax returns and re-assessing the LVR at which point I said forget it I was just asking the question

 

[Rolf Latham]

Hiya Aus

Thats because i many cases, ANZ see an IO var to IO fixed conversion not as a switch, but as a credit critical app needing new review.

Learnt that one the hard way.

ta
rolf

 

[Ausprop]

cheers Rolf, so some other lenders don't go into all this detail at this point?

 

[steveadl]

CBA don't, and that's throwing low doc into the equation to boot.

 

[Ajax]

CBA have asked for this from me (BAS statements etc) ...when seeking to change a lo doc line of credit to a fixed rate loan. The process with a lot of lenders (any loan change) often manages to confuse/confound me and I nearly always end up paying more mortage insurance.

Have a 186k home loan with CBA which was easy to fix from varaible rate. On top of that (secured over same property) have a 310 k lo doc loc. I wanted to fix 300k of that and keep 10 k variable loc. CBA want BAS statements/tax returns. All too difficult...so have stayed variable for 310k.

 

[steveadl]

That sucks.

Had mine changed from LOC's to loans couple years back so thankfully had no issues.