All Topics / Finance / St George Bank LOC

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  • Profile photo of livelifelivelife
    Member
    @livelife
    Join Date: 2003
    Post Count: 24
    April 14, 2005 - 5:07 am

    Hi Everybody
    I was told that this product is really good.
    Any opinions? What’s the current interest rate
    and does St George offer discout interest rate or professional package?
    Thnks
    LiveLife

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    April 14, 2005 - 8:45 am

    Yes they have discounted professional package rates. Problems with product are:
    1. Everything is cross-securitised.
    2. They charge valuation fees. I have a client that has 4 properties and just purchased a holiday home. It will cost him > $1,000 in fees to add one loan.

    Other professional packages are better.

    Cheers

    Stu

    Profile photo of livelifelivelife
    Member
    @livelife
    Join Date: 2003
    Post Count: 24
    April 14, 2005 - 1:52 pm

    Hi Stu
    So which professional packages are better?
    LivLife

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    April 15, 2005 - 1:22 am

    That depends on many factors, including:

    Loan amount
    State the property is located in.
    IO or P&I.
    Loans required (# of accounts/splits).

    Maybe provide us with more info or contact a broker.

    Cheers

    Stu

Viewing 4 posts - 1 through 4 (of 4 total)

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