Trustar Mortgage

[kaiseriqbal]

Hi All,

As you all know the 5 year fixed interest rates have been flying.

It's quite scary that the spread between the Variable rate that I pay at CBA (5.06%) is a whole 2.73% lower than their current 5 year fixed rate of 7.79%.

I was looking around for some good 5 year rates and was wondering if anyone has heard of Trustar Mortgages.

They're fixed rates seem quite cheap and it is wierd that they dont have any application fees.

http://www.trustar.com.au/Product Rates.htm

If anyone can give me any news about them, it would be a great help.

 

[Rolf Latham]

Hiya Kai

Very very unlikey that those rates can be settled on................many of these fish and chip shop resell lenders dont bother updating their websites.

Give em a call and ask em perhaps ?

ta
rolf

 

[Bradsdad]

Not to confident the rate will be correct. As Rolf mentioned, many of these Mortgage Managers struggle to keep their sites updates.

Found this interesting from back in 2008.. http://www.infochoice.com.au/infochoice/institution.aspx?institutionId=306 .

If rates are incorrect this time around I'd be staying as far away as possible.



Regards
Steve

 

[kaiseriqbal]

Well seems like its too good to be true and you guys are correct.

I gave them a ring today and the 4 and 5 year fixed rates are 7.44% instead of the 6.49% advertised.

Its funny that the so-called lender too a couple of minutes to find the rates when I asked them on the phone.