So after discussing with my broker I'm considering the below offer.
I saw Advantedge has been discussed in previous threads.
My broker describes them as small enough to be easy to deal with, with the backing of one of the big 4. I don't need any bells and whistles so might be ok.
Advantedge 90% loan
loan 1 50% 2 year fixed at 4.89%
loan 2 50% variable at 5.48%
Both loans say $330 annual fee.
LMI works out to be 18K (WBC was 19K)
My wife already has a loan with Homeside so have to make sure that the mortgage insurer doesn't consider our loans combined both being NAB pushing over 1Mil?
And wondering what they will be like in future if/when I want to draw out more money as that was the point of not going with WBC and being over 1 Mil?
Any thoughts on the above offer?
do u need an offset now or in the future ?
a 90 % lend on this size is like a marriage due to the lmi premium,so u may need a little more pre marriage counselling
Homeside DUA is PER transaction, not aggregate like for eg CBA, but the aggegate riskmay not be good for you
whats wrong with Commor say , NABdirect ?
ta
rold