I'm going in to chat to the NAB bank manager for an appointment on Tuesday and want to get some knowledge on what home loan products and fees are best.
Can any broker give a bit of a run down of what products and what is best to ask for?
Depends on the product features you are looking for.
These web pages might help you get an idea of NAB products available.see
http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/2/1
see
http://ols.nab.com.au/crs-web/products.do?id=2256
see
http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/6/1see this one for total comparison
http://www.canstar.com.au/interest-rate-comparison/compare-home-loan-rates.htmlThanks. I've already been there and you are left that confused with some many variables, fees and different options that i don't know what an informative decision is. I was hoping a broker might actually know his stuff. It is not my chosen field of expertise.
What information do you need? I want to purchase another property soon (6-12 months) want to access equity. Think i would like the option of locking in rates as i and when i think the economic it turning and that rates will start going up to trap people. Then a lock in rate of 5 years would be good. May need to refinance. Would like to make extra repayment not to payoff the loan but to pay a buffer. How do you know the rate and what the effective rate is?
Only thing that i could make sense of was the portfolio line of credit as i intend to be making more property purchases similar in the next 9 years:
http://www.nab.com.au/wps/wcm/connect/nab/nab/home/Personal_Finance/9/1/?ncID=ZBAWhy not take the Choice package IO loan with 100% offset.
Unless you get a pricing request the LOC is expensive.
Richard Taylor | Australia's leading private lender
Why not just use a broker in the first place (not me please!)?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
My broker is preparing an application but it could take 21 days for approval then don't know if it will be subject to valuation.
We are also looking to a way to get an approval quickly because the deal could be bought by someone else. We have an appointment for NAB because i know the manager down there.
Thanks for the tip Qsl007 l'l through that one in at the meeting.
Don't worry i will not put you through the pain of submitting one of my application! Just want to pick your brains. Maybe in a few years it might be different.
Seems i will be taking this one.
http://nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/2/1/9/2speaking of NAB, what is the difference between;
– NAB
– NAB Broker
– Homesideor are they all the same?
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