Using the same bank for two IPs??
Hi,
We need some advice, and we have always found advice from this forum really helpful!
We are about to buy a PPOR and we have two IPs. WE have one IP with St George and one with Suncorp. We are going with NAB for the PPOR, as we can get an army loan through them. In order to not pay mortgage insurance and also to be able to borrow 100%, NAB are suggesting they take over the Suncorp loan. We will pay less interest with NAB and they are willing to pay for most of the payout fees.
Is this a good idea? We have read that it is good to go with different banks for all loans. Is this true?
Hi,
We need some advice, and we have always found advice from this forum really helpful!
We are about to buy a PPOR and we have two IPs. WE have one IP with St George and one with Suncorp. We are going with NAB for the PPOR, as we can get an army loan through them. In order to not pay mortgage insurance and also to be able to borrow 100%, NAB are suggesting they take over the Suncorp loan. We will pay less interest with NAB and they are willing to pay for most of the payout fees.
Is this a good idea? We have read that it is good to go with different banks for all loans. Is this true?