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Viewing 8 posts - 1 through 8 (of 8 total)

YoungInvestor
Participant
@younginvestor
Join Date: 2003
Post Count: 377
February 27, 2004 - 5:22 pm
Hi again,
For 3-yr fixed rate loans, has anyone seen better than 6.8% with no application fee, no monthly usage fee and LMI waived up to 90% LVR?
If so, please direct me in the general direction of whoever is offering it.
Regards,
Steve.
“Knowledge is Power”
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
February 28, 2004 - 12:32 am
Which lender is that Steve?
I can do 6.79% but there is a $600 application fee. I guess the difference comes down to the loan amount whether this small rate difference is worth it.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Stuart Wemyss
Member
@stuart-wemyss
Join Date: 2003
Post Count: 598
February 28, 2004 - 2:02 am
Yes, 6.79% is the lowest that I know of.
See http://www.sapphiremortgageservices.com.au.
Cheers
Stu
YoungInvestor
Participant
@younginvestor
Join Date: 2003
Post Count: 377
February 28, 2004 - 4:00 am
Thanks for the replies Stuart and Simon.
It’s at NAB… Benefits of being an employee [:p]
As an employee at NAB, you get no app fees, no usage fees, LMI waived up to 90% LVR (if you are on my pay level or higher), and I think around 0.15% off all home loans except I/O.
The reasons I chose this loan to ask about is it seems to fit my circumstances, and it seems to be one of the few that NAB is competitive with already (comparing to other banks, anyway).
Thanks again for your help!
Steve.
“Knowledge is Power”
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
February 28, 2004 - 8:07 am
Take it mate!
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Rosepink
Member
@rosepink
Join Date: 2004
Post Count: 9
February 28, 2004 - 1:07 pm
Hi Steve,
ANZ are doing a ‘Breakfree’ package which you might like to look into. It’s for a variable rate… not fixed, and has several conditions applied, but if the conditions fit you get to save on all acc fees, credit card fees, application fees, get get insurance rates (similar to bank employees) and they’ll knock 0.5% off the 7.07% (currently) rate, down to 6.57%.
This does have a yearly fee, but is available to cover 5 properties under the one fee, and give limited free valuations. You might find it worth looking into… tel. 131314 and select the options for a new loan
Happy Hunting,
[^]
RosePink
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
February 28, 2004 - 1:14 pm
Or check out the choice package if you want to stay with the NAB!
Cheers
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
YoungInvestor
Participant
@younginvestor
Join Date: 2003
Post Count: 377
February 29, 2004 - 4:41 pm
Simon,
Choice package is good, but has some stuff in it i dont need at this stage.
I have a feeling that I can even get some employee concessions off the choice package too [8D] I heard of a colleague who went the choice package and got a .15% discount also.
Thanks for your help!
Steve.
“Knowledge is Power”